Apple Stock News: The Dispute Between Apple and Qualcomm Escalates; Apple Considers Dropping Qualcomm

Apple Stock News

After the intense start of the week that Apple had with iPhone X pre order numbers surpassing the expected, the market is now concerned that Apple´s dispute with Qualcomm is escalating.
The disagreement between the two firms began in January when Apple filed a lawsuit regarding the payments that should be made to Qualcomm, that responded with another lawsuit that sought to block the manufacture and sale of the iPhone X in China in October.
The firms are involved in a dispute regarding the patent and the valuation of the chips that Qualcomm develops and manufactures and Apple uses.
Apple is now reportedly designing iPads and iPhones that uses different chips from companies like Intel and MediaTek, a move that will possibly lead to them ultimately dropping Qualcomm as a supplier.
This move is risky for both companies, since Qualcomm might lose one of its biggest clients and Apple is facing a significant change of its hardware with unknown consequences for its production.

For the latest Apple Stock News, AAPL closed at $166.72 per share on October 30th, 2017. It generated a Gain of 2.25% from its previous close on October 27th, 2017, when it closed at $163.05 per share.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state-of-the-art algorithm click here.

Comments are closed.