Apple to pay $95m to settle Siri listening case
Published On Jan 3, 2025, 5:49 AM
Apple has agreed to pay $95 million to settle a class action lawsuit accusing the company of eavesdropping on customers through its Siri virtual assistant without their consent. The lawsuit alleges that Siri recorded conversations even when users did not activate it properly. Although Apple denies any wrongdoing, this settlement allows the company to avoid further legal risks. Claimants in the U.S. could receive up to $20 per Siri-enabled device owned from 2014 to 2019. Recent financial reports show Apple continues to perform strongly, earning nearly $95 billion in the last quarter.
Stock Forecasts
AAPL
Negative
Apple's recent settlement and ongoing legal challenges may raise some concerns among investors regarding its privacy practices and potential financial liabilities. However, the company's strong earnings performance suggests underlying business resilience. Generally, this news might lead to a slight negative sentiment in the short term due to legal scrutiny but is unlikely to have a significant long-term impact on Apple's market position or performance.
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