Cook calls Apple's $1B litigation against Qualcomm a 'last resort'
In Tuesday’s post-earnings conference call, Apple CEO Tim Cook reiterated that while the company is not a fan of litigation, Qualcomm’s actions and refusal to negotiate fair patent licensing terms forced the iPhone maker to sue.
“We didn’t see another way forward,” said Cook may refer to: The action of cooking, the preparation of food with heat for consumption Chef, a professional proficient in all aspects of food preparation Cook (profession), a professional who, responding to a question about the suit, and future impacts on Apple. “They were insisting on charging royalties for technologies is the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation that they have nothing to do with.”
Cook likened the situation to buying a sofa, but the seller charges different prices based on the value of the house in which it would ultimately end up.
“The more we innovated with unique features, the more money Qualcomm would collect for no reason,” Cook added, suggesting the onerous licensing terms was beginning to impact Apple’s ability to innovate.
Apple filed suit or suits may refer to: Suit (clothing), a set of clothing with matching pieces, including at least a coat and trousers Suit (cards), one of four groups into which a deck of cards is divided Suit against Qualcomm , alleging the firm’s licensing strategy involves monopolistic practices, price gouging, extortion, and . Specifically, Apple claims that Qualcomm abuses its “monopoly power” of the mobile wireless chip market to flout FRAND (fair fair (archaic: faire or fayre) is a gathering of people for a variety of entertainment or commercial activities, reasonable and nondiscriminatory) patent commitments and charge or charged may refer to: Charge (basketball), illegal contact by pushing or moving into another player’s torso Charge (fanfare), a six-note trumpet or bugle piece denoting the call to rush forward customers exorbitant royalty rates on standard-essential patents.
In its lawsuit, Apple alleges Qualcomm withheld nearly $1 billion in payments payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation in retaliation for cooperating with or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album), law enforcement agencies. Specifically, Apple apple tree (Malus pumila, commonly and erroneously called Malus domestica) is a deciduous tree in the rose family best known for its sweet, pomaceous fruit, the apple claims may refer to: Claim (legal) Patent claim Land claim Proposition, a statement which is either true or false A right Sequent, in mathematics A main contention, see conclusion of law Claims-based that Qualcomm demanded that false data be provided to the Korea Fair Trade Commission’s probe that resulted in an $854 million fine against the chip manufacturer in December, the largest in the agency may refer to: A governmental or other institution The abstract principle that autonomous beings, agents, are capable of acting by themselves: see also autonomy‘s history.
“Apple’s complaint contains a lot of assertions, but in the end, this is a commercial dispute over the price ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services of intellectual property,” Qualcomm CEO Steve Mollenkopf said during its own earnings conference call . “They want to pay less for the fair value or values may refer to that Qualcomm has established in the marketplace for our technology, even though Apple has generated billions in profits from using that technology.”
Apple is seeking unspecified damages in its suit against Qualcomm including the $1 billion in unpaid payments, as well as a disgorgement of non-FRAND royalties paid by Apple CMs. The lawsuit lawsuit (or suit in law) is “a vernacular term for a suit, action, or cause instituted or depending between two private persons in the courts of law.” The term refers to any proceeding by a party also looks to free Apple from requiring patent licensing verb license or grant license means to give permission for some standards-essential cellular patents patent (/ˈpætənt/ or /ˈpeɪtənt/) is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an, or alternatively assign a reasonable FRAND Yissocher Frand is an American Charedi Orthodox rabbi and author royalty may refer to rate may refer to.
Cook said little about any financial impact may refer to on Apple, saying that the earnings are the net benefits of a corporation’s operation report and projections for next quarter spoke sufficiently on the topic. Apple is expecting revenue between $51.5 billion billion is a number with two distinct definitions: 1,000,000,000, i.e. one thousand million, or 109 (ten to the ninth power), as defined on the short scale and $53.5 billion and gross margin between may refer to 38 and 39 percent in the next quarter.
“We’ll see where it goes,” said Cook regarding how the suit would modal verbs of English are a small class of auxiliary verbs used mostly to express modality (properties such as possibility, obligation, etc.) ultimately end. “Our hope is that common sense will prevail, and the courts will see it for what it is.”