A week with Apple: Tim Cook faces fraud lawsuit and satellite calling saved another life

1. 7. 2023

Apple is doing very well and its stock is rising in price. The company is thus again attacking the value of three trillion dollars. Aside from that fact, our roundup today will also talk about the satellite call or Tim Cook facing fraud charges.

Tim Cook accused of defrauding investors

Apple has to face various lawsuits quite often. These are often patent trolls, sometimes anti-monopoly associations and initiatives. Accusations of fraud are not that common, but one such one has been brought against the Cupertino company. It refers to a statement Tim Cook made during the quarterly financial results announcement in 2018. Cook then named a number of markets where iPhone sales are being negatively affected by various economic factors, but declined to name China as an area of concern. At the beginning of 2019, Apple revised its quarterly forecast and clarified the amount of sales in China. In 2020, a lawsuit alleging Cook intentionally defrauded investors who lost money during the downturn was greenlit. Apple responded by questioning the legitimacy of the lawsuit, but the court maintained its position that the lawsuit was justified because Tim Cook must have had information about the situation in China already in 2018,

Tim Cook Operations Director — Source: Cult of Mac

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The satellite call claimed another life saved

The SOS satellite emergency call feature, which was introduced on the iPhone 14 models, saved a hiker who was injured on the trail over the weekend. As ABC7 reported, Juana Reyes was hiking in a remote part of Trail Falls Canyon in the Angeles National Forest when the accident happened. Part of the trail collapsed under her and the hiker broke her leg. There was no mobile signal at the site, but thanks to the satellite SOS call on the iPhone 14, the injured still managed to call for help.

RESCUE! Her iPhone 14 notified us via the satellite 911 feature. Ankle injury in Trail Cyn, wasn't able to hike out. LACO Fire did a hoist. @LASDHQ @LACoSheriffLuna @MontroseSAR @CVLASD @CbsLos @NBCLA @KTLAnewsdesk @ABC7 @FOXLA @LACoFireAirOps @LACOFD pic.twitter.com/WlfXiYgp4C

— Mike Leum (@Resqman) June 24, 2023

The Los Angeles County Fire Department's Air Operations Section reached the injured hiker after receiving a satellite call. She was successfully airlifted to safety by helicopter.

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