NEW YORK (TheStreet) -- Shares of Apple (AAPL) were falling 1.1% to $111.25 Wednesday after news of a lawsuit over storage space in iOS 8 and analyst predictions that iPad sales will be down for the first time in 2014.
Two Florida men filed a lawsuit against the iPhone maker, saying it misleads users about the amount of storage space iOS 8 uses in iPhones, iPads, and iPod touches, according to Bloomberg. The lawsuit says that "as much as 23.1%" of the advertised storage space of iOS devices is taken up by iOS 8.
The plaintiffs in the lawsuit claim that Apple attempts to sell users iCloud subscriptions which offer cloud storage "in a desperate moment" when they run out of space on their devices.
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In 2012, Apple won a case in which users complained that it misled consumers about the amount of storage space available in its iPods, according to SiliconBeat.
Earlier on Wednesday, analyst firm ABI Research said that it expects Apple's iPad sales to decrease in calendar 2014 compared to 2013, which would be the first sales decline for the tablet since its introduction in 2010.
TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: