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.
$5856: Bitcoin Price Hits New Record High
Despite a falling Bitcoin price last month, ICOs raised more than $600 million in September, according to data from CoinSchedule . Bitcoin's continuing rise has so far silenced its critics, now presumably sat aghast at this behemoths rise.
US Consumer Prices Rise Slightly Less Than Expected In September
USA crude rose 1.54 percent to $51.38 per barrel and Brent was last at $57.11, up 1.53 percent. Bitcoin smashed through the $5,000 barrier for the first time and was up 10.1 percent.
Isaiah Thomas Opens Up: "Worst Year Of My Life"
The five-foot-nine Thomas became a star and fan favourite in Boston during his three seasons with the club. He said he would but he couldn't say if Thomas felt the same way. "But it takes more than talent".
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.