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Apple settled a $490M China-demand lawsuit while analysts clash on valuation amid slowing iPhone growth; shares rallied recently and Apple pursues AI and new product initiatives.
Apple beat Q2 estimates with $94.04B revenue and $1.57 EPS; Vanguard and other funds boosted stakes and analysts raised targets, while a $490M China-related settlement weighs on sentiment.
Apple faces a class action accusing it of using copyrighted books to train its OpenELM AI model; rising AI litigation and a prior $490M China settlement keep legal risk and investor caution elevated.