Apple Names New COO — But a $490M Payout Is Still in Play

Court: N.D. California

Case: 4:19-cv-02033

Apple AAPL has officially named Sabih Khan as its next Chief Operating Officer, succeeding longtime executive Jeff Williams in a planned transition. Khan, a 30-year veteran at Apple, currently oversees global operations and will take over the COO role later this month.

Jeff Williams will continue reporting to CEO Tim Cook and overseeing the Apple Watch and design teams until his retirement later this year. The shift underscores Apple’s focus on operational continuity, with Khan credited for helping expand U.S. manufacturing and reducing Apple’s carbon footprint by over 60%.

AAPL

While leadership transitions make headlines, long-term investors may have missed another major development — Apple’s $490 million settlement with shareholders over past disclosures tied to iPhone sales in China.

• Nov 1, 2018: Tim Cook says China isn’t facing sales pressure.
• Jan 2, 2019: Apple cuts revenue forecast by $9B due to weak iPhone sales in China.
• Jan 3, 2019: AAPL drops 10% after the announcement.
• Apr 16, 2019: Investors sue Apple over misleading statements on Chinese demand.

• Apple agreed to a $490M settlement to resolve the case.
• If you held AAPL during the affected period, you may still be eligible.
• Late claims are currently being accepted.
• Payouts usually take 8–12 months after the court grants final approval.

You can check more information about it and file for a payout HERE.

Are you watching Apple’s next leadership era unfold? Or checking your eligibility for a payout while AAPL charts its next move?