Apr 28, 2017

Qualcomm says Apple withholding royalty payments amid legal row

Apple sued Qualcomm in January, accusing the company of overcharging for its patented technology. Qualcomm said its forecast at that time involved scenarios with reduced payments - not their complete absence. Qualcomm derived 40% of its revenue from Apple and Samsung Electronics Co Ltd in its most recent financial year. Apple's legal action in January followed a complaint by the Federal Trade Commission, a US regulator, alleging Qualcomm had used "Anticompetitive practices" to maintain a monopoly over key technology. Apple has also sued Qualcomm in China and in the UK..

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