Apple Authorized with a Fine per Day in a Fair Case
As an inventor of iPhone, Apple is in disagreement with Qualcomm, after having sued it recently, accusing it of taking advantage of its powers to extort royalties from iPhone innovations that has nothing to do with its technology.
The world’s second-largest mobile device vendors; Apple and the most successful SoC manufacturer; Qualcomm are at loggerheads with each other, after Qualcomm has declined all these allegations and instead court suing Apple. Apple is being licensed with $25,000 per day, for being absent in a court-imposed deadline to provide evidence in a government lawsuit that affirms mobile chip supplier; Qualcomm has been imposing unwarranted licensing terms on the makers of smartphones.
The fine that has been retroactive from Dec, 16 would effective till Dec, 29 by a Federal Magistrate Court in San Jose, California, has made QUALCOMM investors and management on the watch out of any sign of a breakthrough in the flood legal dispute and regulatory actions that the company is facing presently.
The accrued cases, actions, and suspensions of licensing payments by Apple have disturbed QUALCOMM stock this year. That added it to make it a takeover target by a rival company, Broadcom.LTD. This is pursuing a $105 billion harsh takeover. The QUALCOMM Company tend to cut down the competition of the market by making Apple agree to make use of only QUALCOMM chips in exchange for a lower licensing fee. Following the epic battle of both Apple and Qualcomm, Qualcomm has demanded that Apple pay a percentage of the iPhone’s revenue in a bid for the use of Qualcomm patent.
The long-strategic partnership between these two companies may be collapsing for good if they can’t get to agree on a revised payment system and constantly take their misunderstanding to court around the world, which doesn’t seem all good.