Qualcomm files lawsuits in China to ban iPhones

Share
Qualcomm files lawsuits in China to ban iPhones

Apple's shares were marginally up, while Qualcomm shares were marginally down in late-afternoon trading.

US Chipmaker Qualcomm is attempting to strike a devastating blow to Apple's operations, with a lawsuit seeking to ban the manufacture and sale of the iPhone in China.

The San Diego-based company aims to inflict pain on Apple in the world's largest market for smartphones and cut off production in a country where most iPhones are made. In the most recent development, Qualcomm is now filing a lawsuit against Apple with the intent of having all iPhone production and sales halted in China. Qualcomm previously requested an iPhone ban in the United States.

Qualcomm says the patents cover power management and a Force Touch technology used in current iPhones. Talking about these patents, Trimble says they are "examples of the many Qualcomm technologies that Apple uses to improve its devices and increase its profits".

Qualcomm alleges that Apple is using technologies invented by Qualcomm without paying for them. As a result the firm's shares are down nearly 20 per cent.

Share

Advertisement

Related Posts

Nokia Corporation (NYSE:NOK) & PG&E Corporation (NYSE:PCG) Seeing Rampant Activity Today
However, -7.26% over the last one month, -2.79% for the last quarter and year to date performance stands at 6.14%. When we look at the Volatility of the company, Week Volatility is at 0.91% whereas Month Volatility is at 1.05%.

We don't need diet avocados but they exist anyway
If there is anything millennials want more than avocado toast, it's diet avocado toast. Spanish food company, Isla Bonita , have gone and created The Avocado Light .

Celsion Corporation (NASDAQ:CLSN) Moving Aggressively - Down $0.51
A frequently used tool among technical stock analysts is the moving average. -68.56% away from the high and 315.32% from the low. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return.

First Horizon National Corp (NYSE:FHN) Q2 2017 Institutional Investor Sentiment Steady
It is important to note, however, that the stock needs to make its way through natural risk while testing a key support level. The company has mean EPS estimate of 0.28 reported by 15 number of analyst for the quarter ending Current Qtr.(Sep2017).

Pranab Mukherjee was more qualified to become Prime Minister: Manmohan Singh
Various other leading Congress leaders including Sonia Gandhi and Rahul Gandhi were present at the event, reported ANI. He said running the coalition government seemed hard but everything worked out smoothly. "But that was done", he said.

Asteroid Passed Close to Earth, Experts Say
NASA noted that the asteroid would not impact Earth, and the closest the rock came was when it passed over Antarctica at 1:42 a.m. Following yesterday's pass, the asteroid's next "close-approaches" to Earth will take place in 2019, 2050 and 2079.

NVIDIA Corporation (NVDA) Earns "Buy" Rating from B. Riley
Calculated by dividing NVIDIA Corporation's annual earnings by its total assets, investors will note a return on assets of 23.90%. A total of 18 analysts have released a report on NVIDIA . (The) from $193.00 to $217.00 in a research note issued on Wednesday.

Danaher Corporation (DHR) Stake Raised by HPM Partners LLC
Independent Portfolio Consultants Inc decreased Mckesson Corp (NYSE:MCK) stake by 3,773 shares to 460 valued at $76,000 in 2017Q2. The conglomerate reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.02.

India reassures Aussies after rock thrown at team bus
Australia are scheduled to play India in the third and final Twenty20 of the series in Hyderabad on Friday. He tweeted, " Guwahati stone-throwing incident NOT reflective of our security measures".

USDA: Corn production up, soybean down slightly from September
The USDA's current estimates would make for an all-time high soybean haul along with the second-largest corn harvest on record. Analysts expect the government to raise its USA corn yield estimate but trim its forecast of US 2017/18 corn ending stocks .

© 2015 ExpressNewsline. All Rights reserved.