Apple buys modem chips from companies like Qualcomm to enable the iPhone to connect to cellular networks.
Qualcomm and Apple have settled a bitter legal battle over billions of dollars in royalties and licensing fees just as it went to trial this week in San Diego, California. As part of the settlement, all legal action worldwide between the two companies will be dropped, and Apple will buy Qualcomm chips again.
Licensing patents is a critical revenue stream for Qualcomm. The fees from patent licensing were only 23% of Qualcomm's revenue in its 2018 fiscal year, but made up a majority of Qualcomm's operating income. But technology companies and governments often have different ideas about what constitutes fair and reasonable.
As Cook put it:"They have an obligation to offer their patent portfolio on a fair, reasonable, and non-discriminatory basis and they don't do that. They charge exorbitant prices."In 2009, South Korea's antitrust agency, protecting local companies like Samsung and LG, fined Qualcomm $200 million for abusing its market position in radio frequency chips, saying in a statement more recently that a"monopolist enterprise's abuse of its market position cannot be tolerated.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
5 reasons why now is the best time to buy an Apple WatchThe Apple Watch is easily the most personal device Apple has ever created.
और पढो »
Apple will reportedly invest $500 million or more in its upcoming Apple Arcade subscription serviceApple is willing to spend big to get Apple Arcade up and running, and analysts believe gaming subscriptions could bring more revenue than TV or news.
और पढो »
Apple and Qualcomm face off in epic courtroom dramaThe trial's outcome could affect how the spoils of innovation are distributed, upending the incentives and business models for companies that usher in new technologies.
और पढो »
Apple and Qualcomm face up to mutual needThe smartphone maker and chips firm ended a two-year fight over royalties, with a cash payment to Qualcomm and a licensing agreement. Apple can’t risk being stuck with second-rate chips, and Qualcomm has huge revenue at stake. At first blush, both sides benefit from the truce.
और पढो »
Qualcomm stock surges after settling long patent dispute with AppleQualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal d...
और पढो »
Apple, Qualcomm settle royalty dispute, and Qualcomm is spikingQualcomm and Apple have what ended a bitter legal battle.
और पढो »
Apple and Qualcomm Agree to Drop All LitigationApple and Qualcomm reached a global patent license agreement and chipset supply agreement, ending a legal battle between the tech giants. The deal includes a payment from Apple to Qualcomm.
और पढो »
Qualcomm stock surges as Apple agrees to settlementApple Inc. and Qualcomm Inc. agreed on Tuesday to drop all their lawsuits against each other worldwide. Qualcomm shares rallied 15% to $65.78 in recent...
और पढो »
Fried chicken vs $13: Apple, Qualcomm explain claims to jury as trial opensApple Inc and Qualcomm Inc on Tuesday opened a complex trial with the iPhone mak...
और पढो »
Apple and Qualcomm settle royalty disputeApple and Qualcomm on Tuesday settled their royalty dispute, reaching an agreement on global patent license and chipset supply.
और पढो »