Friday, January 20, 2017

Apple Sues Qualcomm For $1 Billion In Royalty Dispute

Every time I read a headline like this, I always picture Dr. Evil in my head. I bet that's how they come up with these amounts too. ;)

According to CNBC, Apple claims Qualcomm charges five times more for its patents than all of the other licensors it does business with combined. The company also argues that Qualcomm withheld nearly $1 billion in payments when Apple cooperated with South Korean authorities as it investigated the company's unfair trade practices -- precisely what the US and Apple are going to court over now. In December, South Korean regulators fined Qualcomm a record $854 million for abusing its power in the smartphone chip market and overcharging device makers.