Qualcomm is asking a court to force Apple’s iPhone and iPad manufacturers to pay up, since they’ve been withholding royalty payments for weeks under Apple’s instructions.
In a court filing yesterday, Qualcomm asked for a preliminary injunction against four of Apple’s suppliers — Foxconn, Pegatron, Wistron, and Compal — all of began suing for breach of contract earlier this month. Qualcomm said in April that Apple had instructed those companies not to pay royalties for devices they made using Qualcomm technology. It later said that would lead to a loss of $500 million in revenue this quarter alone because of the missing payments.
Qualcomm and Apple are locked in a worldwide legal dispute over patents and payments, with Qualcomm largely stuck playing defense. Apple has said that Qualcomm has been charging excessively high patent licensing fees for years, using its position as the dominant supplier of smartphone modems as leverage.
In its new filing, Qualcomm says that Apple is trying to force a settlement by throwing its weight around. “Apple could litigate against Qualcomm indefinitely; it has virtually unlimited resources (more than $256 billion in cash reserves) and already has filed multiple cases against Qualcomm not just in this court, but around the world. And when those cases end, Apple can file more cases,” the company writes in a new filing.
Full Content: Nasdaq
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI