Apple and American microchip manufacturer Qualcomm have agreed to drop all litigations between the two companies worldwide.
As per reports, the two firms have agreed to a six-year global patent licensing agreement and also agreed for Qualcomm to supply parts to Apple for multiple years. The settlement also includes a payment from Apple to Qualcomm, but the firms did not disclose its size.
The settlement will end the long-running battle between Apple and Qualcomm that began in 2017 over the cost of the processors that phones use to connect to mobile networks. Apple first filed a legal complaint, accusing Qualcomm, which holds the most patents for chips, of taking advantage of its dominant position to charge exorbitant amounts for its chips or access to its patents. However, Qualcomm denied the allegations and accused Apple of abusing its position and of taking legal action to negotiate prices down. The settlement means that Qualcomm's modem chips are likely to be used again in Apple's newest iPhone models. The iPhone used to rely entirely on Qualcomm's chips, but from 2016 Apple started using rival Intel's modem chips in some models.
Italy commences Anti-Trust Investigations against Apple, Google & DropBox Over Cloud Storage Services
International
Sep 09, 2020
Saransh Awasthi
(
Editor: Ekta Joshi
)
1 Shares
Italy’s competition watchdog on Monday (September 7, 2020) announced that it is investigating the cloud storage services run by Apple, Dropbox, and Google in response to several complaints about unfair commercial practices and violations of the Country’s consumer rights directive.The Competition and Market Authority said it has launched a total of six investigations into Apple’s iCloud, Google Drive, and DropBox cloud storage service.The agency has said that it is looking into whether the...
Apple Becomes First U.S. Company to Hit $2 Trillion Valuation Amid the Global Pandemic
International
Aug 21, 2020
Saransh Awasthi
(
Editor: Ekta Joshi
)
4 Shares
On Wednesday (August 19,2020), Apple becomes the first public-traded U.S Company worth more than $2 trillion. In 2018, Apple became the first U.S. company to reach a $1 trillion valuation after 42 years since it was founded.Apple’s shares have escalated 1.4 percent to an all-time high price of $468.65 in midday trading. Earlier this year, it was reported that the company’s value had gone under $1 trillion after the stock market plunged amid the coronavirus pandemic.Apple has thrived during...
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