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Apple Stock News: Broadcom Bids $103 Billion For Qualcomm – Is It The End Of Qualcomm – Apple War?

November 7, 2017

Apple Stock News

Recently, Broadcom Ltd bid $103 billion for Qualcomm (around $70 per share). This deal, if sealed, will be the largest transaction the technology sector has ever seen and could help fix Qualcomm’s problems with Apple.

Qualcomm and Apple has long been embroiled in a patent lawsuit. Apple alleges fraudulent royalty charges. The company believes that Qualcomm is unfairly charging too much and leveraging its strong market position in chips illegally. On the other hand, Qualcomm, one of the world’s largest semiconductor companies, claimed copyright infringement.

The latest move in the ongoing war was from Qualcomm, accusing the iPhone maker of leaking its tech knowledge and software secrets to competitor Intel. The chipmaker filed another lawsuit against Apple stating that the company breached their contract.

The buying of Qualcomm would make Broadcom the third-largest chipmaker in the world, losing only to Intel Corporation and Samsung Electronics Co. This could ease the lengthy war between Qualcomm and Apple, since Broadcom and Apple have a pretty cordial relationship.

Moreover, Broadcom wouldn’t buy Qualcomm if it thought it had to fight Apple’s battery of lawsuits.

For the latest Apple Stock News, AAPL closed at $174.25 per share on November 6th, 2017. It generated a profit of 1.01% from its previous close on November 3rd, 2017, when it closed at $172.5 per share.

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

October 31, 2017

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.

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Apple Stock News: Qualcomm CEO Reports Possible Settlement in Sight

July 18, 2017

Apple Stock News

For the latest Apple Stock News, AAPL closed at $149.56 on, July 17th, 2017. It had a gain of 0.35% from its previous close on July 16th, 2017, at $149.04 per share.

Apple and Qualcomm continue on with their messy legal battle that began in early 2017. However, Qualcomm CEO Steve Mollenkopf is optimistic that the companies will reach an out of court settlement soon. “There’s not really anything new going on,” Mollenkopf explained. “Those things tend to get to resolved out of court and there’s no reason why I wouldn’t expect that to be the case here.”

Nonetheless, Mollenkopf explained that he has no inside information about a deal being imminent. He made similar comments back in February, but that was long before the court battle escalated to its current level.

The fight between Apple and Qualcomm started in January, after the FTC complained that Qualcomm had engaged in shady patent licensing deals. Apple sued Qualcomm for over $1 billion dollars, alleging Qualcomm charged Apple for royalties on technology it did not create, and refusing to pay quarterly rebates. Qualcomm reportedly overcharged Apple by billions of dollars by double charging patent licensing agreements. On the other hand, Qualcomm stated that it believes the royalties are fair and its innovations are essential to the iPhone.

Qualcomm countersued Apple in April, accusing the company of libel and encouraging attacks on Qualcomm. Afterwards, Apple stopped making all royalty payments to Qualcomm until a court ruling.
Apple recently expanded its lawsuit against Qualcomm, and at the beginning of July, Qualcomm filed a separate patent lawsuit against Apple and asked the ITC to block imports of some Apple products.

It would serve both companies well to end this legal battle, and Mollenkopf hopes they can resolve their issues quickly.

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Apple Stock News: Mounting Claims for Apple Against Qualcomm

June 22, 2017

Apple Stock News

For the latest Apple Stock News, AAPL closed at $145.01 on Tuesday, June 20th, 2017. It had a loss of 0.91% from its previous close of $146.34 per share.

The lawsuit between Apple and Qualcomm Inc. is never-ending, with Apple adding allegations to an already filed complaint. The latest claim from Apple is that there’s mounting evidence that Qualcomm is operating an “illegal business model.”

Apple are claiming that Qualcomm hasn’t fulfilled its obligation to charge fair and reasonable rates on patents related to industry standards.

Qualcomm’s current structure sees it sell chips as well as license its technology. A U.S Supreme Court ruling in May limited the ability of patent owners once the product has sold. Apple wants to argue that Qualcomm is essentially getting paid twice for the same invention. Qualcomm revolutionised the way mobile devices communicate, although to receive royalties on all facets of the technology would be unfair and unreasonable according to Apple.

In more AAPL stock news, Swedish giant Ikea has jumped board to use ARKit, Apple’s platform to help with advanced Augmented Reality capabilities. Customers will have the ability to see how IKEA products look within their home through realistic 3D renders. The stock continues to fluctuate, with a bullish out-look for Apple still remaining.

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Apple Stock News: Apple’s Unlikely Lawsuit

January 22, 2017

Apple Stock News

For the latest Apple Stock News, AAPL closed at $120.00 on Friday, January 20, 2017 with a 0.18% gain, or $0.22 from its previous close of $119.78 per share.

Source: https://goo.gl/l0juvu

Qualcomm Inc. (QCOM) is no ordinary company that designs and markets telecommunication products and services, they also specialize in chip making for Apple’s iPhones. On Friday, Apple filed a $1 billion lawsuit against their partner Qualcomm in regards to overcharging for chips and failing to pay $1 billion in promised rebates. Qualcomm is said to be withholding $1 billion of payments from Apple in result of their truthful cooperation with law enforcement agencies investigating the chip maker and Apple’s discussions with South Korea’s antitrust regulator. Apple does not want to disregard these rebates owed to them, though, they had already given up on billions in rebates when they broke an exclusivity agreement with Qualcomm from 2011 to 2016 for using Intel modems in the iPhone 7 and iPhone 7 Plus. In a statement from Apple: “Qualcomm insists on charging Apple at least five times more in payments than all the other cellular patent licensors we have agreements with combined” (Forbes). Apple insisted that this agreement diminished innovation and prefers to turn to multiple suppliers for cost efficiency reasons. Apple is extremely disappointed in the way Qualcomm has conducted their business and will continue using Intel as their supplier for the upcoming iPhone 8.

Apple’s lawsuit comes days after the Federal Trade Commission accused Qualcomm of excessive royalties and resorting to anti-competitive tactics to maintain control over key semiconductors in mobile phones.

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