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The headline seems a little clickbait and I don't think it's HN worthy just because it has Apple in the title. This is really a dull "pension fund investor sues

The headline seems a little clickbait and I don't think it's HN worthy just because it has Apple in the title. This is really a dull "pension fund investor sues company" with little to do with iPhones.

willsmith72 3y ago
isn't it entirely about iphone sales forecasts and an executive's public comments on them?
swores 3y ago
Apple settling for a significant amount of money on the question of whether CEO Tim Cook mislead investors about upcoming expectations for iPhone sales only feels dull from a tech point of view, but HN is a site for anything people find interesting not just tech-specific content, and from a business point of view it is a rather interesting story and it happens to be about one of the most influential tech companies in the world and involves them settling for a sizeable amount of money in response to the accusation that something Tim Cook said about iPhones fraudulently misled investors. The title is pretty much bang on and one of the most detailed, least clickbaity titles around - unless when you commented it was something other than the current "Norfolk County Council beats Apple in £385M iPhone row" (in fact it's almost under-playing it as it's local press focusing on the local aspect of a £5B pension fund who are one member of a class action of Apple shareholders). £385M obviously isn't going to break Apple's bank balance, but it's 0.5% of their last annual profit so it's at least a noticeable slap on the wrist to not do it again. From what little I know of the case I do actually feel it's weak and if I were magically to be made a judge and in charge of deciding this case, from this article & the couple of others I've read I would find in Apple's favour, but I'm not an expert in this area nor do I know enough about it to be confident it's even my best guess on which side deserved to win. However I think even if it were obvious and universally agreed that Apple didn't deserve this case and should or would have won rather than settling, the fact that it did happen and they did settle would keep it interesting (still as business news that happens to be tech-related, not as tech news).

willsmith72 3y ago

isn't it entirely about iphone sales forecasts and an executive's public comments on them?

swores 3y ago

Apple settling for a significant amount of money on the question of whether CEO Tim Cook mislead investors about upcoming expectations for iPhone sales only feels dull from a tech point of view, but HN is a site for anything people find interesting not just tech-specific content, and from a business point of view it is a rather interesting story and it happens to be about one of the most influential tech companies in the world and involves them settling for a sizeable amount of money in response to the accusation that something Tim Cook said about iPhones fraudulently misled investors. The title is pretty much bang on and one of the most detailed, least clickbaity titles around - unless when you commented it was something other than the current "Norfolk County Council beats Apple in £385M iPhone row" (in fact it's almost under-playing it as it's local press focusing on the local aspect of a £5B pension fund who are one member of a class action of Apple shareholders). £385M obviously isn't going to break Apple's bank balance, but it's 0.5% of their last annual profit so it's at least a noticeable slap on the wrist to not do it again. From what little I know of the case I do actually feel it's weak and if I were magically to be made a judge and in charge of deciding this case, from this article & the couple of others I've read I would find in Apple's favour, but I'm not an expert in this area nor do I know enough about it to be confident it's even my best guess on which side deserved to win. However I think even if it were obvious and universally agreed that Apple didn't deserve this case and should or would have won rather than settling, the fact that it did happen and they did settle would keep it interesting (still as business news that happens to be tech-related, not as tech news).