- A U.S. tribunal will review a ruling that said an Apple (NASDAQ:AAPL) iPhone import ban was not in the public interest even if the devices violate Qualcomm (NASDAQ:QCOM) patents.
- Qualcomm initiated the ITC case in July of last year alleging that iPhones with Intel (NASDAQ:INTC) chips infringed in the way the phones implanted the chips. Qualcomm later dropped half of the patents from the case.
- In September, an ITC tribunal ruled Apple infringed on one of the three remaining patents. But the judge recommended that the ITC not give Qualcomm the relief it sought, saying it wasn't in the country's best interest.
- Now the ITC will decide whether that tribunal was correct that the one patent was in violation and that Qualcomm shouldn't have relief.
- A final ruling is due before February 19.
- Apple shares are up 0.8% premarket to $170.50.
- QCOM is up 0.5% to $58.
- Now read: Don't You Dare Trade Options Until You Read This
Original article