China iPhone Ban: Qualcomm Lawsuits Seek To Prohibit Sale, Production In Country

Qualcomm is making another move against Apple.                  Justin Sullivan  Getty Images

Qualcomm Inc confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc's iPhones in the country.

While a sales ban would definitely hurt Apple, a production cutoff would cripple the company's supply of smartphones globally, since most iPhones are made in China.

Qualcomm's filings follow Apple's release of the iPhone 8 and iPhone 8 Plus last month. Qualcomm previously requested an iPhone ban in the United States.

There are three patents in question that Apple supposedly infringed on, with the biggest having to do with the technology used for Force Touch on all iPhone models since the 6S (minus the iPhone SE).

Hot Mover of the Day: PG&E Corporation (NYSE: PCG)
The Company's primary operating subsidiary is Pacific Gas and Electric Company, which operates in northern and central California. Other institutional investors have also bought and sold shares of the company. 1St Glob Advsr invested in 0.11% or 5,352 shares.

Mindy Kaling Just Revealed The Sex Of Her Baby
Now that the show is ending, Kaling feels her pregnancy marks a bittersweet conclusion, but also a beginning. Kaling has kept the identity of the father private but confirmed she is expecting a little girl.

4-H Center director arrested on child porn charge
Troopers obtained a search warrant for the suspect's residence and served the warrant shortly after 8:30 a.m. this morning. Mikeael Jones, 29, was arrested October 9 after allegedly possessing child pornography, according to court documents.

"Apple employs technologies invented by Qualcomm without paying for them", Trimble added.

Although China isn't Apple's most profitable country for iPhone sales, it is where the majority of the devices are manufactured.

Although Apple doesn't use Snapdragon processors in its iPhones, it's still on the hook for numerous patents Qualcomm owns. Apple has accused Qualcomm of failing to pay it $1 billion in rebates that it says it is owed.

Are you sick of hearing about tech patent wars?

Related:

  • Notable Mover: Mondelez International, Inc. (MDLZ)

    The stock has a market cap of $62.89 billion, a P/E ratio of 36.6864 and a beta of 1.20. 3M Co now has $129.32 billion valuation. Over the past three months, Mondelez International, Inc . insiders have been net buyers, dumping a net of -174,139 shares.
    California wildfires won't stop postman from delivering mail

    California wildfires won't stop postman from delivering mail

    The wildfire has ripped across Northern California, killing 23 , destroying homes, business, and local vineyards. In the video , the truck drives through many blocks of burnt houses, stopping at a few to put mail in mailboxes.
    Widow of Peanuts creator loses home in California fire

    Widow of Peanuts creator loses home in California fire

    Monday before it was engulfed in flames, her stepson Monte Schulz said. "She is energetic and pragmatic and very tough". Schulz-Sonoma County Airport and features bronze sculptures of the Peanuts characters.
  • KalVista Pharmaceuticals, Inc. (KALV) transacted 2615937 shares unusually on Thursday

    This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. KalVista Pharmaceuticals, Inc. (KALV ) maintained activity of 0.11 million shares that trade hands on average basis.
    Uber Decides to Stay in Quebec After New Transport Minister Grants Concession

    Uber Decides to Stay in Quebec After New Transport Minister Grants Concession

    However, Uber wants the government to ease on the new regulations while Fortin seems to be firm in his decision. The ride-sharing company, based in San Francisco, was due to halt its operations in the province on Saturday.
    Pranab Mukherjee was more qualified to become PM: Manmohan Singh

    Pranab Mukherjee was more qualified to become PM: Manmohan Singh

    Various other leading Congress leaders including Sonia Gandhi and Rahul Gandhi were present at the event, reported ANI. Speaking on the occasion, Javadekar said: "Our former President Pranab Mukherjee has always been our torchbearer".
  • Stream Gucci Mane's Album

    Stream Gucci Mane's Album "Mr. Davis"

    He said "in my mind" it's still coming out on the 17th but it just happens to have a street date of Friday the 13th. After giving fans the commercial mixtape Droptopwop in May, Gucci is now releasing a new album Mr.
    Bitcoin Price Crosses $5000 To Reach An All-Time High

    Bitcoin Price Crosses $5000 To Reach An All-Time High

    Unlike a real-world unit such as the U.S. dollar or euro, bitcoin has no central bank and is not backed by any government. Bitcoin has a lot further to go than this price point to become a real world currency, as it was created to one day be.

    Analyst Stock Recommendations For Celsion Corporation (CLSN), Bioptix, Inc. (BIOP)

    Of course, these surface-level price movements don't tell us much about the direction that CLSN may be headed in the future. Now the stock price is moving -0.23% off from the highest level of twelve months and 42.03% above from twelve months low.
  • Consumer Prices Accelerated in September

    Consumer Prices Accelerated in September

    With the unexpected increase, the consumer sentiment index surged up to its highest level reaching 103.8 in January of 2004. Economists surveyed by The Wall Street Journal expected a 0.6% gain in overall prices and a 0.2% increase in core prices.

    NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September

    Moreover, Quantitative Mgmt Limited Liability Corporation has 0.01% invested in Air Lease Corp (NYSE:AL) for 18,300 shares. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.32.
    Attack on Aussie team bus: Sports Minister Rathore reassures Security

    Attack on Aussie team bus: Sports Minister Rathore reassures Security

    He said, "Really unfortunate incident after a great game aimed to tarnish Guwahati's reputation as emerging sports hub". People of Assam are biggest sports lovers & great hosts. #FIFAU17WC going on in Guwahati .

Comments

Latest news

Potash Corporation of Saskatchewan (USA) (POT) EPS Estimated At $0.12
In an analyst note revealed on 11 October, HSBC analyst has today has started coverage for Potash Corporation of Saskatchewan Inc. Scotia Capital upgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) on Monday, July 10 to "Sector Outperform" rating.

Trump says he spoke to Virgin Islands' 'president' -- which is him
"Can't wait for the summit between Trump's President of the Virgin Islands & Rick Perry's President of Puerto Rico ", he wrote. Nevertheless, this isn't the first time someone in the Trump administration has revealed a shaky grasp of US geography.

Jennifer Anniston donating $1 million to Puerto Rico
Let's hope Aniston's donation will inspire others to contribute what they can to help the victims of this devastating natural disaster.

Carjacking caught on camera, foiled by Good Samaritan
Police said the man tried to steal a vehicle about 1:15 p.m. from the BP gas station at 16054 Southfield Road. She noticed him when he shut the door, and she courageously jumped inside the auto to try to stop him.

Are Traders Shorting First Horizon National Corporation (NYSE:FHN) Shares?
The recent low represents a 32.47% since 10/18/16 which is a good sign for traders looking to capitalize on the stock's upside. Neuberger Berman Group LLC boosted its stake in shares of First Horizon National Corporation by 0.8% during the 2nd quarter.

Appian (APPN) EPS Estimated At $-0.16; Patterson Uti Energy Has 1.66 Sentiment
Vertex One Asset Management Inc increased Patterson Uti Energy Inc ( PTEN ) stake by 39.03% reported in 2017Q2 SEC filing. Based on a recent bid, the stock is trading -19.16% away from it's 52- week high and 3.10% away from its 52 week low.

Fmr LLC Has $73.96 Million Stake in Jones Lang LaSalle Incorporated (JLL)
Looking at some alternate time periods, the 12 month price index is 1.23649, the 24 month is 0.87381, and the 36 month is 1.06605. The Firm operates through four business divisions: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle.

Tenet Healthcare Corp (THC) EPS Estimated At $
The stock of Intra-Cellular Therapies Inc (NASDAQ:ITCI) has "Neutral" rating given on Thursday, September 29 by SunTrust. Redwood Capital Management Llc bought 450,000 shares as the company's stock declined 9.34% while stock markets rallied.

Allete, Inc. (NYSE:ALE) Trading Up - Short interest fell by -5.45%
Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co. ValuEngine lowered Allete from a "buy" rating to a "hold" rating in a research report on Monday, October 2nd.

Important Factors to Analyse a Good Investment: The Walt Disney Company (DIS)
Following the purchase, the director now directly owns 7,513 shares of the company's stock, valued at approximately $768,880.42. COPYRIGHT VIOLATION NOTICE: This news story was first published by TrueBlueTribune and is the property of of TrueBlueTribune.

SpaceX Orbits Dual-Purpose Satellite for SES, EchoStar
The dual-mission satellite will be shared by Colorado-based EchoStar and SES , a Luxembourg company. The hybrid satellite is created to operate from geostationary orbit over North America for 15 years.

Gurmehar Kaur named Next Generation leader by Time magazine
This was after union minister Kiren Rijiju raised question saying who was pollution the mind of the young girl. Kaur, a student of Delhi University's Lady Shri Ram College, had taken on the ABVP on Facebook and Twitter.

Amazon.com, Inc. (AMZN) Stock Rating Reaffirmed by Credit Suisse Group
The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.40 by ($1.00). It dropped, as 64 investors sold AMZN shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes.

Diggs, Bradford Out Sunday Vs. Packers
He injured his knee during the Vikings' Week 1 victory over the New Orleans Saints and missed the team's next three games. Vikings Head Coach Mike Zimmer gave no update on the health of Sam Bradford and does not know his status for Sunday.

Revenue Forecast of Exxon Mobil Corporation (XOM)
After $0.78 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 11.54% EPS growth. Ballentine Partners Llc increased Analog Devices Inc (NASDAQ:ADI) stake by 14,547 shares to 21,553 valued at $1.71M in 2017Q2.

Other news