Cameroon/April 17, 2019/ Frank Ikpefan, Abuja /No Comment/177 views /Cameroon Apple and Qualcomm bury the hatchet in royalties battle royal – Journal du Camerounshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel Published on 17.04.2019 at 03h54 by AFP Apple and American microchip manufacturer Qualcomm said Tuesday they have agreed to “dismiss all litigation” against each other worldwide in what had been a sprawling battle over royalty payments. The last-minute settlement cut short a courtroom clash between the tech giants just as it was getting underway in California. For two years, the companies had fought a multi-front brawl that could have required Qualcomm to pay billions. The news sent Qualcomm’s stock price soaring more than 23 percent on Wall Street, its best one-day performance in nearly 20 years. The deal includes a six-year license agreement with the option to extend for two years, and a payment to Qualcomm from Apple, the companies said. At the heart of the battle were the royalties Qualcomm charges for its patented chips, which enable smartphones to connect to mobile networks. ALSO READ Cameroon: Kamto, Michelle Ndoki return to court for Habeas Corpus hearing - Journal du CamerounApple accused Qualcomm, which holds the most patents for chips, of taking advantage of its dominant position to charge exorbitant amounts for its chips or access to its patents. Qualcomm denied the allegations and accused Apple of abusing its position and of taking legal action to negotiate prices down. “I believe both Apple and Qualcomm got deeper into this than they wanted to,” analyst Patrick Moorhead of Moor Insights & Strategy said in a statement. “This settlement should be good for the wireless industry as companies should feel free to invest in research, get paid a fair price for those inventions, and consumers take advantage of those innovations at a very rapid pace.” Several hours after the deal was announced, Intel said it was withdrawing from the 5G smartphone modem business, without indicating whether its decision was a cause or consequence of the agreement its rival signed with Apple. ALSO READ Cameroon: Minister Marie Thérèse Abena Ondoa demands more efficiency from her staff in 2018 – Recent defeats for Qualcomm- The stakes had been especially high for Qualcomm, given that it earns a significant chunk of its revenue from royalties paid by manufacturers for its patented technology. Apple had argued that Qualcomm’s royalty demands meant it was effectively insisting on payment for innovations by Apple — such as touch ID or Apple Pay — that Qualcomm “had nothing to do with.” Apple said it had been overcharged by billions as a result and, following its initial US lawsuit, the iPhone maker filed two more suits in China on the same basis. Qualcomm counter-sued. ALSO READ Afcon qualifier: Namibia ‘confident' ahead of Mozambique tie - Journal du CamerounAlso in early 2017, the US Federal Trade Commission sued Qualcomm for alleged antitrust law violations in the sale of certain components and licenses to smartphone makers, including Apple. In April 2017, it was forced to pay $815 million to Canada’s Blackberry in a royalties dispute. And since 2015, through both convictions and settlements, it has paid high antitrust fines in China, South Korea, Taiwan and the European Union. This has led to contradictory legal rulings. In March, a US court ruled in Apple’s favor, a few hours after a judge of the same court ordered a partial ban of iPhone imports. Meanwhile, by the end of 2018, Qualcomm had secured a ban on the sale of certain iPhones in China and Germany — again for patent violations. Leave A Comment Below Related Tags:Cameroon share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleAppetite for destruction at N. Korea taekwondo contest – Journal du Camerounnext articleEkiti Assembly bars PDP lawmaker for six weeks over alleged misconduct | The Guardian Nigeria News – Nigeria and World NewsRelated Posts468 shares Cameroon/April 20, 2019 /No Comment Costa Rica bets on ending fossil fuel use by 2050 – Journal du Cameroun444 shares Cameroon/April 20, 2019 /No Comment Egyptians vote in referendum to extend Sisi’s rule – Journal du CamerounEgyptians vote in referendum to extend Sisi’s rule – Journal du CamerounUS liquor heiress pleads guilty in sex cult case – Journal du CamerounRwandan President meets U.S. congress delegation – Journal du CamerounCameroon: Boko Haram attack kills nine in Far North region – Journal du CamerounLe petit frère de Longue Longue accuse Maurice Kamto d’avoir envoûté l’artiste – CameroonOnline.orgSexual violence on the rise in Cameroon’s Anglophone region [+video] – CameroonOnline.orgPope leads Good Friday procession highlighting modern-day slaves’ plight – Journal du CamerounDes chefs d’Etat africains pleurent Notre-Dame mais restent insensibles aux malheurs de leur pays – CameroonOnline.org Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.