Displaying items by tag: Apple
US chipmaker Qualcomm has seen its shares prices soar on the New York Stock Exchange following the end to a long-running dispute between them and iPhone manufacturer Apple over patent license agreements.
The pair where set for another protracted legal battle in San Diego but managed to broker an agreement that satisfied both parties over royalty payments.
It has been reported that resolution deal between Apple and Qualcomm includes a six-year license agreement with the option to extend for two years, and a payment to Qualcomm from the US tech behemoth.
Qualcomm shares rocketed by 15.2% as news of the deal broke on Wall Street. Apple saw its share price rise by 0.7% although it was significantly less than that of Qualcomm. Dow member IBM saw its shares plummet by 4.6% after Q1 sales fell short of analyst projections.
The US economy has been under the microscope in recent weeks after some fiscal analysts had claimed it was slowing down. However, Wall Street stocks were mostly higher following better-than-expected Chinese economic data. China's first-quarter growth came in at above expectations at 6.4 percent following government stimulus measures, a report that eases concerns about slowing global growth.
US electronics behemoth Intel has made the decision to withdraw from the 5G smartphone modem business following the unlikely resolution agreement that was brokered between Qualcomm and Apple.
Apple and Qualcomm managed to settle the dispute between both parties over royalty payments and reached a deal ahead of fresh court case that was set to get underway in San Diego next week.
The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Following the announcement the dispute had been resolved Intel wasted no time in exiting the 5G smartphone modem business.
Intel had clearly recognized and identified that there was an opportunity for them to capitalize on the dispute between Apple and Qualcomm, and then Apple had turned to Intel before reaching the agreement with Qualcomm.
The lawsuit was expected to be a protracted legal battle, but after the unlikely resolution it’s expected that Apple and Qualcomm will now become partners again before there fall out in 2017.
Intel issued a statement in which it indicated that it would complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other data-centric devices while pursuing investment opportunities in its 5G network infrastructure business.
CEO Bob Swan insisted that 5G will remain a key focus for the US electronics conglomerate and said its diverse portfolio of products will help them to become a major player in the 5G space.
Swan said, “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."
The company also added that it would meet commitments to customers for its existing 4G smartphone modem product line, though it has no plans to launch 5G smartphone modem products, including those previously set to premiere in 2020
Currently under deployment, ultra-fast 5G wireless networks require terminals that are equipped with 5G models and specific network infrastructure.
Apple and US chipmaker Qualcomm will resume their long-running feud as a new court case between the two titans of American enterprise begins in San Diego next week.
The two companies have been embroiled in a bitter row over patent licensing practices for the best part of two years. Last month, a Californian jury ruled in favour of Qualcomm and awarded the company $31m after it found that Apple’s iPhone 7, 7 Plus, 8 and 8 Plus and X infringed two patents.
Apple has expressed its confidence that this new lawsuit in San Diego will rule in their favour as they seek damages of up to $27bn after accusing its one-time supplier of engaging in patent license practices that amounted to double-dipping.
Qualcomm on the other hand are claiming that the US technology behemoth forced some of it business partners to stop paying the company royalties and is seeking $15bn in damages.
The initial lawsuit was filed by Apple back in 2017, which forced the US chipmaker to counter-sue the iPhone maker and winning bans on the sale of some iPhone models in some markets for patent violations.
Qualcomm charges its customers for the chips themselves and also adds on patent licensing charges. It asks customers to sign an agreement before supplying any products.
Apple has termed this "no licence, no chips" policy a way of charging twice for the same thing. Along with its business partners, Apple is seeking an end to this practice and a refund of something in the region of US$9 billion.
This amount could be tripled if the jury comes to the conclusion that Apple's anti-trust allegations against Qualcomm are correct. Apple claims Qualcomm's practices kept rivals like Intel - from whom Apple is now sourcing chips - from competing in this sector for a long time.
Companies that are on contract with Apple, such as Foxconn, have paid the royalties to Qualcomm and been reimbursed by Apple. But Apple has pushed some of these firms to violate their contracts and deprive Qualcomm of about US$7 billion in royalties, the chip producer claims.
A victory for Apple will not mean much in terms of money but it would destroy a business model that Qualcomm has used with great success for many years.
US technology giant Apple is reportedly mulling over the prospect of entering into an unlikely partnership with Chinese vendor Huawei in an effort to address issues with the modem technology in its flagship iPhones.
On Tuesday, a US trade judge has called for a ban of some iPhone imports as Apple was found to have violated a Qualcomm chipmaker patent.
International Trade Commission administrative law specialist MaryJoan McNamara recommended a “limited exclusion order together with a cease and desist order” against the tech ginat.
Since the iPhone does not compeet with Qualcomm products, Apple will not be required to post a bond while US President Donald Trump and a panel of judges review the order.
Qualcomm released a statement which read: "We appreciate Judge McNamara's recognition of Apple's infringement of our hardware patent and that she will be recommending an import ban and cease and desist order.”
Apple has not replied to a request to post a comment on the matter as of yet.
The patent which is being investigated involves extending power and battery life. The issue at hand constitutes for one of the two complaints that Qualcomm officially issued against Apple to the commission.
Qualcomm shares went up by 2.4 per cent while Apple’s shares were down by at least 1 per cent as soon as the ruling was released.
The California-based tech giants have been involved in a long-term battle over patents and royalties which have taken to the courts and other administrative bodies on a global scale.
Last week, Qualcomm won a case against Apple over patented technology which was found to be used in iPhones and won $31 million. These chips were found to have been used on the iPhone 7, 8 and X.
Other patents at issue were “flashless booting” which allows for devices to connect to the internet quickly as soon as they are switch on and allows smartphone apps to move data online in an efficient manner.
In addition to this, another patent would be using rich graphics in games whilst still maintaining battery life.
Apple sued Qualcomm a couple of years ago over payments for a preliminary ruling which involved Qualcomm owing Apple around $1 billion in patent royalty rebate payments which has not been paid yet. The judge’s decision is still to be determined.
Apple has announced news, gaming and TV/streaming services which will be launched later this year.
Apple has set out to build a streaming and TV service which will offer original content and programs, on-demand and ad-free. The price of this new service is yet to be determined.
Several people have been recruited to collaborate with Apple on this project such as Oprah Winfrey, Steven Spielberg, J.J. Abrams and Jennifer Aniston.
Apple TV is expected to be launched in May and be available on all Apple devices with a new feature for Channels where users will be able to subscribe to a variety of additional streaming services such as Showtime and HBO.
The app will also be available on Amazon Fire TV as well as smart TVs from Sony, LG and Samsung.
In addition to this, Apple has also been working to increase the popularity of mobile gaming so it also plans to launch Apple Arcade. This service will require the user to subscribe to it where they would receive access to over 100 exclusive games which could be played on any Apple device whether it be online or offline.
As part of its offer, Apple emphasized that privacy was part of their new offer and mentioned that Arcade will not track what gamers play or which devices they play from.
Apple has not disclosed the expected price of this service as well but they have stated that it will be offered to more than 150 countries.
Apple also announced a news service called Apple News+ which will collect content from 300 magazines. There will also be live covers, infographics, lists of trending stories and personalised recommendations to give the users a more interactive experience.
The News+ subscription would cost $9.99 per month according to Apple, which includes family sharing.
The service was made available in the US on Monday and will be released in Canada soon before it reaches the rest of the world.
US chipmaker Qualcomm has won its protracted legal battle with Apple over patented technology used in iPhones.
A jury in a federal court in Southern California ordered that Apple pay Qualcomm $31m after deliberating that the smartphone manufacturing behemoth had committed patent infringements for chips used on iPhone 7, 8 and X models.
The damages were tabulated from July 6, 2017 through the end of the trial, according to a Qualcomm statement. The legal representative for the chipmaker expressed their delights at the jury’s decision following a lengthy judicial process.
Qualcomm’s general counsel Don Rosenberg said, “Today's unanimous jury verdict is the latest victory in our worldwide patent litigation directed at holding Apple accountable for using our valuable technologies without paying for them.
Qualcomm shares closed the formal trading day up 2.2 percent to $56.60.
The patents at the center of the issue in the case involved "flash-less booting" that allows devices to connect quickly to the internet after being turned on and technology that lets smartphone apps move online data efficiently
A third patent related to promoting rich graphics in games while protecting battery life, according to Qualcomm.
On another front in the complex legal battle between two US companies a federal judge in Southern California on Thursday issued a preliminary ruling that Qualcomm owes Apple nearly a billion dollars in patent royalty rebate payments the chip maker is withholding, according to US media reports.
Apple sued Qualcomm two years ago over the payments, which were part of a contracted arrangement. The judge's decision will be on pause until after a trial in the case. Apple did not immediately respond to a request for comment.
Spotify has filed a complaint against Apple to the European Commission. Spotify claims that Apple gives itself an “unfair advantage at every turn” as it takes a 30 per cent cut of digital goods sold via iOS apps.
South Korean conglomerate Samsung has unveiled its ambitious strategy to enhance its market share in the US by launching three new retails stores nationwide.
Samsung officially announced that it will open the new retail facilities as it gears up to launch an updated version of its flagship Galaxy handsets in the United States.
Some consumer experts are also claiming that the marketing strategy adopted by Samsung indicates clearly that the Seoul-based behemoth is directly challenging Apple in its domestic market.
Samsung said in a detailed statement that it made the move based on feedback from its customers.
The statement said, "They told us that they love having the ability to walk into a store and experience how the latest technology from Samsung works together to create a unique, immersive experience. Galaxy fans, in particular, mentioned that they were looking for a space to call their own, a place where they can get a feel for Samsung products first-hand."
It was further disclosed that the new stores will be located at the Americana at Brand mall in Los Angeles; Roosevelt Field in Garden City, New York; and The Galleria in Houston, Texas.
In addition to this, Samsung is holding a product launch in San Francisco amidst speculation it may launch a folding smartphone, which would make it the first of the major handset makers in the segment.
President of Samsung Electronics America, YH Eom, expressed his delight at the announcements and said the decision would solidify Samsung’s position as the world’s most popular smartphone manufacturer.
He said, “Our new Samsung Experience Stores are spaces to experience and see Samsung technology brought to life, to empower people to do what they never thought was possible before. We want to build a 'playground' for Samsung fans -- a place to learn about and try out all of the amazing new products we have to offer."
Samsung remained the number one global handset maker with a 20.8 percent share in 2018 despite an eight percent sales slump for the year, according to research firm IDC -- which also said last year showed the worst overall decline in sales for the smartphone sector.
US chipmaker Qualcomm has robustly defended its business practices as the antitrust lawsuit against them draws to a close.
In their closing testimony Qualcomm declared that the US Federal Trade Commission (FTC) had ultimately failed to prove that the chipmaker’s business practices had harmed its competitors during the course of the trial.
FTC have alleged that Qualcomm used its market dominance in its smartphone chip development to force phone suppliers to pay higher patent licensing fees, in other words it claims the company which is headquartered in San Diego had an unfair monopoly.
Both parties now must wait for the ruling from the judiciary, although reports have suggested that the decision is not likely to be delivered any time soon.
In a statement which summarized Qualcomm’s closing argument in court, the company’s EVP and general counsel Don Rosenberg said the FTC hasn’t come close to meeting its burden of proof in this case.
Rosenberg said, “All real-world evidence presented at trial showed how Qualcomm’s years of R&D and innovation fostered competition, and growth for the entire mobile economy to the benefit of consumers around the world.”
In addition to this, Rosenberg highlighted that Qualcomm’s licensing rates were established long before it had set up its lucrative chip business and accurately reflected the value of its comprehensive patent portfolio.
The FTC closed their arguments by stressing to the judiciary that the powerful chipmaker had used its muscle and dominance in the 3G and 4G chip market to force smartphone manufacturers like Apple to sing licensing agreements with excessively high royalties.
Prosecutors on behalf of FTC argued this approach would continue in the 5G era if Qualcomm isn’t stopped.
During the trial, the FTC called witnesses from a number of handset companies including Apple, Samsung, Intel and Huawei to testify that Qualcomm had used unfair practices, harming competition in the industry.