“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:
U.S. FTC seeking to ‘redress and prevent recurrence of Qualcomm’s conduct’ through antitrust injunction – December 3, 2018
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
Apple’s stock price CAN go lower after all.
If you bought the dip, here comes a bigger dip.
MDN’s constant bleating about buying more on the dip is hilarious in both its idiocy and relentlessness.
Buy at $220 MDN said, the chance of a life time after a whole $12 drop.
Buy at $210…more shares!
Buy at $200….back up the truck.
And on and on and on and on.
Buy at $170….MDN was begging for that price point.
Today shares hit $164 at the open before recovering slightly.
Few are buying. Very few.
Many are selling. 200 million share dumped over the past 5 weeks. Market maker inventory is at record levels.
The price keeps dropping. Week after week after week.
The market has totally lost faith in Pipeline.
It’s not difficult to see why.
Pipeline has forgone innovation.
Pipeline is distracted by pretty doorknobs, moving glass walls, suspended ceilings and special paper crafted by Belgium monks.
Pipeline’s right hand man is Eddy Fscking Cue.
Pipeline thinks Phil Shiller is doing a good job.
Pipeline has a VP of Dongle Design.
Any one of these is cause for concern.
All of them put together results in a $68 crash in share price.
And it’s not over yet folks.
The bottom has not been found.
Investors are still fleeing Apple.
Read that again and think about what it means.
Investors are FLEEING Apple.
These are really sad times for life long Apple fans such as myself. I cut my teeth on an Apple II+. I’ve owned Macs since the Mac Plus.
Everything I loved about Apple was due to Steve & Steve and then just Steve Jobs.
That Apple is gone.
Ruined by Pipeline.
Squandered by Pipeline.
Crapped all over by Pipeline.
The warning signs were staring us in the face.
The complete and total abandonment of the Mac Pro.
What a disaster.
The market holds Pipeline fully responsible for this.
What does Pipeline do?
Raise prices and buy back stock.
That’s Pipeline’s strategy.
That’s all Pipeline can do.
He’s an operations guy.
He might as well as be a sales guy.
Pipeline has NO innovation in his brain whatsoever.
Somehow both Eddy Fscking Cue and Pipeline keep their jobs.
Sad.
Just love how sure bloviators are that they know what’s best for a company like apple, yet have no experience whatsoever. If you want apple’s stock to tank start listening to the bloviators and know-nothings. This is the age of know-nothings and loud-mouths. No wonder the world is such a mess.
He can’t even think of a better name for himself.
So you think ignoring the Mac Pro for 5 years is good leadership?
Interesting.
You are blaming & crassly insulting Tim Cook for a stock market black swan correction, AAPL is no worse off than all major tech companies. Steve Jobs launched the spaceship, hired & groomed Cook and Ive, the original iphone took Jobs 5 years to develop and 4 years of his life to refine (Cook has led iphone and apple 7 years and grown Apple exponentially with cutting edge technologies). I could go on and on, but I say ALL APPLE HATERS SHOULD MOVE ON, sell your stock, apple products and stop whining.
How is it that few are buying shares when there are lots of sales – I believe that every sale has to have a matching buyer !
I don’t know nothing about nothing when it comes to stock prices, but something is seriously upside down with the current stock price of Apple.
At this moment Apple has about one third the market value of their stock in CASH. Something like 230 billion in Cash and a market value of 760 billion.
I could be really dumb but that points to an upward trend to their stock. Throw in their very high gross profit percentage and that adds up to only one way for the stock to go in the long run.
I guess the only question is how low can the stock go in the short run so when is the absolute best time to buy???? The best time for me was several years ago: within minutes of seeing my nephew’s iPod, I bought one. Wish I had bought Apple stock instead. Many could benefit from actions now that would preclude such feelings in the future…..
I think you just spotted the problem… what new product makes you love Apple?
The 10th generation of an iPhone with a slight change in appearance and a few more features?
A dying and decaying Mac Pro got you excited?
Apple Computer became the phone company. The opportunity to turn the Mac into “the computer and OS to own” was squandered by poor management.
Can you believe even the pitiful Microsoft survived and then prospered after Vista and 8? Thanks to Apple, they did…
Yeah, lets all get excited about Apple’s new “services” business model. Apple can “service” itself.
You asked the question (and assumed your own answer), but I will provide a response:
I love the Apple Watch 4, the most recent MacBook Air and MacBook Pros, the AirPods, the latest iPhones (and the older 7 & 8 models, too), the latest iPads (entry level and pro). I believe that I am going to love the HomePod, too. And I am looking forward to the continued evolution of the AppleTV and associated services.
In truth, what is not to love about Apple products? They may not be perfect but, in my opinion, they are the best-in-class products available in nearly every category.