“A Chinese court ordered Apple Inc. to stop selling older iPhone models in the country after finding the tech giant infringed on two patents held by Qualcomm Inc., the chip supplier said Monday,” Tripp Mickle reports for The Wall Street Journal. “The Nov. 30 decision by a Chinese intellectual-property court is the first in the world’s largest smartphone market that seeks to curtail iPhone sales.”

“The import and sales ban didn’t appear to include Apple’s newest devices — the XS, XS Max and XR — because those weren’t on the market when the patent case was filed,” Mickle reports. “It wasn’t immediately clear when any such ban would take effect. Four models affected by the ban — the iPhone 7, 7 Plus, 8 and 8 Plus — were still on sale through Apple’s website in China as of Monday.

Read more in the full article here.

CNBC reports that Apple said in a statement: Qualcomm’s effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world. All iPhone models remain available for our customers in China. Qualcomm is asserting three patents they had never raised before, including one which has already been invalidated. We will pursue all our legal options through the courts.

MacDailyNews Take: Much ado about nothing, but certainly nice for those looking for an extremely low entry point into AAPL shares. The more shares Apple’s buyback program can scoop up during this period of wild irrationality, the better for Apple shareholders!

Qualcomm’s unreasonable, illogical, and irrational licensing scam, which charges a percentage of the total cost of all components in the phone, even non-Qualcomm components, must end.

SEE ALSO:
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Qualcomm CEO: We’re ‘on the doorstep’ of a resolution with Apple – November 28, 2018
Apple not in settlement talks ‘at any level’ with Qualcomm – November 7, 2018
Qualcomm claims Apple owes them $7 billion in royalties while Apple says 73% of Qualcomm’s patents have expired – October 27, 2018
Qualcomm seeks to keep patent claims out of legal fight with Apple – October 26, 2018
Qualcomm and U.S. FTC ask judge to delay ruling to pursue settlement talks – October 16, 2018
20-year-old court filing comes back to haunt Qualcomm in antitrust dispute with U.S FTC – October 5, 2018
U.S. ITC judge denies Qualcomm’s request, won’t stop iPhone imports – September 29, 2018
Qualcomm accuses Apple of stealing ‘vast swaths’ of chip secrets and passing them to Intel – September 25, 2018
Qualcomm dealt another blow in second ITC action against Apple – September 19, 2018
Qualcomm CEO sees chance of Apple settlement this year – September 18, 2018
Qualcomm makes a tactical error in its battle with Apple – September 7, 2018
Magistrate judge rebukes Qualcomm for iPhone patent infringement allegations it originally chose not to bring – September 6, 2018
EU regulators charge Qualcomm with additional violation in pricing case – July 19, 2018
Apple petitions U.S. Patent Office to invalidate four Qualcomm patents – June 22, 2018
Apple brings 5G and national security into Qualcomm patent battle – June 18, 2018
Analyst: Apple, Qualcomm legal fight could settle this year – June 11, 2018
Apple CEO Tim Cook to be deposed in Qualcomm lawsuit – April 6, 2018
Judge Koh sets aside sanctions order against Apple in FTC v. Qualcomm antitrust case – February 8, 2018
Apple gets support from Lawyers for Civil Justice in fight against discovery sanctions – February 1, 2018
EU fines chipmaker Qualcomm $1.2 billion for paying Apple to shut out rivals’ chips – January 24, 2018
Apple sanctioned in Qualcomm FTC case for withholding documents – December 22, 2017
Apple countersues Qualcomm for patent infringement – November 29, 2017
Apple designing next-gen iPhones, iPads that would dump Qualcomm components – October 31, 2017