Apple Inc. has agreed to pay $250 million to settle a shareholder lawsuit stemming from delays in rolling out artificial intelligence upgrades to its Siri voice assistant.
The lawsuit, filed in 2024 by investor Peter Landsheft in a U.S. federal court in California, accused the iPhone maker of misleading shareholders. The complaint followed Apple’s announcement and promotion of a suite of AI-powered features during its 2024 developer conference, which it said would debut alongside new iPhones later that year.
However, when the devices were released, the anticipated features were absent. Shareholders argued that the delay negatively impacted investor confidence and the company’s stock performance.
In 2025, Apple confirmed that the planned overhaul of Siri would be postponed until 2026. Company executives have since stated that the upgraded Siri capabilities will be officially unveiled at the upcoming Apple Worldwide Developers Conference next month.
Despite agreeing to the settlement, Apple did not admit any wrongdoing. The agreement is still subject to approval by a judge.
In a statement, the company emphasized its broader progress in artificial intelligence, noting that it has introduced several AI-driven features since launching its “Apple Intelligence” initiative in 2024.
“Apple has reached a settlement to resolve claims related to the availability of two additional features. We resolved this matter to stay focused on doing what we do best, delivering the most innovative products and services to our users,” the company said.
The settlement brings a temporary close to investor concerns, even as expectations remain high for Apple’s next wave of AI innovations.
