Update: Qualcomm's suits pertain to three non-standard essential patents and the claims were filed in a Beijing court on September 29. This is the latest strike in a legal war between the two companies, which started out in the U.S. and has since expanded worldwide. "Apple employs technologies invented by Qualcomm without paying for them", Trimble said. While Qualcomm gets the majority of its sales from making phone chips, it pulls in most of its profit from charging fees for patents that cover the fundamentals of all modern phone systems.
Apple's shares were up marginally, while Qualcomm shares were little changed in afternoon trading.
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It's a fun 20 minutes of radio singing, with Bennington mentioning at one point, "This is probably the greatest day of my life". The video sees Chester behind the wheel with Ken in the passenger seat and band members Mike Shinoda and Joe Hahn in the back.
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Rising revenue and improving profitability helped RIL clock a net profit of Rs 8,097 crore, a rise of 12.8 per cent year-on-year. Refining margin was at Dollars 11.9 a barrel in previous quarter and analysts' estimates were at USD 12.5 a barrel for Q2.
It seems exceedingly unlikely that sales of any iPhones will be banned. If granted, that would be a big blow to Apple as the Greater China region was responsible for 22.5% of Apple's revenues in the latest fiscal year. In July, it filed a similar claim in the U.S., pointing to six patents that it said Apple was in violation of.
While we've detailed the legal bickering between the two tech giants on this site on numerous occasions, Qualcomm's latest move is aimed at crippling Apple's base of manufacturing in China. Earlier this week, Qualcomm was fined a record NT$23.4 billion ($773 million) by Taiwan's Fair Trade Commission, a ruling the company is appealing.
However, Apple has now cut off those payments costing Qualcomm an estimated $2 billion a year in revenue. Qualcomm stock is down 19 percent this year compared with a 35 percent gain by the benchmark Philadelphia Stock Exchange Semiconductor Index.