Qualcomm Stories January 25

AAPL: 121.88

1.91
Stock Chart

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:

expand full story

Qualcomm Stories January 23

AAPL: 120.08

0.08
Stock Chart

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.

expand full story

Qualcomm Stories January 20

AAPL: 120.00

0.22
Stock Chart

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.

expand full story

9to5toys 

Qualcomm Stories January 17

AAPL: 120.00

0.96
Stock Chart

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.

expand full story

Qualcomm Stories January 4

AAPL: 116.02

-0.13
Stock Chart

Intel has just announced the world’s first global 5G modem to help test initial 5G spectrum deployments across the world. As timing would have it, AT&T also announced their “5G Evolution” plans for 2017, which detail what they hope to achieve with the new wireless technology.

expand full story

Qualcomm Stories April 21, 2016

AAPL: 105.97

-1.16
Stock Chart

Bloomberg reports that Qualcomm shares have dropped after the company’s CEO hinted that its biggest customer could switch to a rival supplier for future orders. Reading between the lines, the speculation is that its biggest customer is Apple (Samsung is the only other company close to holding that title) and that a switch to Qualcomm’s rival means Apple’s is considering Intel for LTE modem chips in the iPhone 7:

expand full story

9to5google 

Submit a Tip

cancel

Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by WordPress.com VIP