Apple will settle a class-action lawsuit that has been going on for years by paying $490 million, according to court documents released over the weekend. Cook expressed himself relatively positively about business in China in a conference call after quarterly figures were presented at the beginning of November 2018.
Two months later, Apple took an unusual step and lowered its sales forecast by up to $9 billion - explicitly citing the slowdown in its China business. The share price fell and investors went to court. According to the settlement agreement, Apple continues to not believe it violated any laws or misled investors.