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Apple sues Qualcomm for $1 billion

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Apple sues Qualcomm for $1 billion

Apple sues Qualcomm for $1 billion

– Apple is suing Qualcomm for roughly $1 billion, saying Qualcomm has been “charging royalties for technologies they have nothing to do with.”The suit follows the U.S. Federal Trade Commission’s lawsuit against Qualcomm earlier this week over unfair patent licensing practices.Shares of Qualcomm, which had been up 1 percent earlier in the day, were were down nearly 2.5 percent by the closing bell.
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Apple sues Qualcomm for withholding $1 billion ‘as retaliation’

Apple sues Qualcomm for withholding $1 billion ‘as retaliation’

– Apple is suing Qualcomm for $1 billion, saying that the mobile chip maker has been dramatically overcharging it for the use of basic patents, according to CNBC.The lawsuit comes just days after the US Federal Trade Commission began suing Qualcomm for anti-competitive practices over the same issue.The commission said that Qualcomm had been forcing phone manufactures to pay “disproportionately high” fees for use of patents necessary to make a smartphone.
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Apple sues Qualcomm for $1 billion

Apple sues Qualcomm for $1 billion

– Apple Inc. is suing Qualcomm Inc., alleging the smartphone-chip supplier demanded onerous terms for its technology and that it sought to punish Apple for cooperating in a Korean regulatory probe into Qualcomm’s licensing practices.The suit, which Apple AAPL, +0.18% said it filed Friday in federal district court in the Southern District of California, claims that Qualcomm QCOM, -2.42% leveraged its position as a manufacturer of a critical chip used in cellphones to seek “onerous, unreasonable and costly” terms for patents and blocked Apple’s ability to choose another supplier for chipsets.Will augmented reality or virtual reality win?
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