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Norfolk County Council has won a £384m payout from Apple after it claimed the company misled predictions about iPhone demand in China.In 2018, Apple, its chief executive Tim Cook and its chief financial officer Luca Maestri were accused of misleading shareholders about iPhone demand in China.Mr Cook had told investors that while Apple was seeing pressure in some emerging markets he did not believe demand would be down in China.
Yet two months later the company issued a profit warning blaming weak demand in China, something that caused an 8% drop in its share price.Norfolk County Council claimed that Mr Cook must have known at the time that sales in China were starting to slow down. The council claimed that this cost its pension fund almost $1m.Now, after a five-year-lawsuit, Apple has agreed to pay shareholders the sum after settling with the council, The Telegraph reports.
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Scottish apprentices are changing the world and making it a better placeScottish Apprenticeship Week highlights the amazing roles and careers on offer to people across Scotland
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Sir Rod Stewart and Graeme Souness place £10k charity bet on Scottish Premiership titleOld Firm rivals Sir Rod Stewart and Graeme Souness have agreed to a £10k charity bet on the outcome of this year's Scottish Premiership title.
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Scottish Cup: Aberdeen beat Kilmarnock to claim first semi-final placeWatch on BBC One Scotland, listen to Radio Scotland and follow live text coverage as Aberdeen host Kilmarnock in the Scottish Cup quarter-finals.
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Kilmarnock dumped out of Scottish Cup after disappointing display in AberdeenKillie's bid for a trip to Hampden fell short as they exited at the quarter-final display after a 3-1 loss in Aberdeen.
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Humza Yousaf: Scottish first minister denies conflict of interest over £250K Gaza donationHumza Yousaf's relatives were evacuated the day after he met officials from UNRWA, and he denies ignoring officials' advice to give up to £200,000 to UNICEF instead. At the time, more than a million Palestinians in Gaza faced displacement amid the escalating conflict.
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Seven pretty Scottish gardens perfect for a colourful spring day outTo celebrate the start of spring, the Daily Record has put together a roundup of seven of Scotland's best gardens that are well worth a visit this March and April.
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