Qualcomm Stories January 31

AAPL: 121.35

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One of the more pressing questions during Apple’s earning call earlier this afternoon centered on the company’s current litigation battle with Qualcomm. Toni Sacconaghi of Bernstein pressed Tim Cook for comments on Apple’s decision to sue Qualcomm, bringing up a past instance of Cook saying that he hated litigation:

“I’ve always hated litigation, and I continue to hate it, and I highly prefer to settle versus battle.”

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Qualcomm Stories January 26

AAPL: 121.94

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Qualcomm Stories January 25

AAPL: 121.88

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Following reports late last week that Apple is suing its iPhone modem supplier Qualcomm for $1 billion in the US, today Beijing’s Intellectual Property Court said Apple has also filed a similar suit in China seeking 1 billion yuan or over $140 million in damages (via Reuters).

In response to the new lawsuit, Qualcomm today issued its own press release and noted that Apple is claiming the company is in violation of China’s Anti-Monopoly Law. The press release also said that Apple is requesting “determination of the terms of a patent license” regarding the two companies’ cellular standard essentials patents, in response to which Qualcomm’s lawyers claimed Apple was offered deals consistent with the rest of the industry:

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9to5toys 

Qualcomm Stories January 23

AAPL: 120.08

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Apple and Qualcomm are currently engaged in a legal battle, with the former suing the latter for $1 billion over patent royalties. Despite the legal rhetoric, however, Qualcomm doesn’t plan to let business between it and Apple be affected, according to a new report from Recode.

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Qualcomm Stories January 20

AAPL: 120.00

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CNBC reports that Apple is suing chip supplier Qualcomm for roughly $1 billion over patent royalties:

Apple is suing Qualcomm for roughly $1 billion, saying Qualcomm has been “charging royalties for technologies they have nothing to do with.” […] Apple says that Qualcomm has taken “radical steps,” including “withholding nearly $1 billion in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them.”

The latest development follows an FTC complaint alleging Qualcomm engaged in monopolistic practices to prevent Apple from sourcing key components from its competitors.

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Qualcomm Stories January 17

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Update: Qualcomm has aggressively responded to the complaint, effectively alleging that the FTC doesn’t understand the industry it regulates.

Qualcomm believes the complaint is based on a flawed legal theory, a lack of economic support and significant misconceptions about the mobile technology industry […] Qualcomm has never withheld or threatened to withhold chip supply in order to obtain agreement to unfair or unreasonable licensing terms. The FTC’s allegation to the contrary — the central thesis of the complaint — is wrong.

Qualcomm is the target of a new Federal Trade Commission complaint filed today involving Apple. The FTC claims Qualcomm engaged in anti-competitive practices that helped it monopolize the market of a “key semiconductor device” used in products including iPhones and iPads.

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