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Qualcomm wins preliminary iPhone ban in China

Published 12/10/2018, 09:05 AM
Updated 12/10/2018, 09:05 AM
© Reuters.  Qualcomm wins preliminary iPhone ban in China
  • Qualcomm (NASDAQ:QCOM) says it has won a preliminary order from a Chinese court banning imports and sales of several Apple (NASDAQ:AAPL) iPhone models in the region.
  • The Fuzhou Intermediate People’s Court order affects the iPhone 6S to iPhone X, which the court found violated two of Qualcomm's software-related patents for photograph resizing and touch screen application management.
  • Apple could update the software to remove the infringing features and continue selling the phones.
  • Earlier this year, the same court banned the import of some Micron (NASDAQ:MU) chips.
  • In Citi's Apple target cut this morning, the firm cited Apple's exposure to China, which accounts for about 18% of total sales.
  • Apple shares are down 1.3% premarket. Qualcomm shares are up 2.2%.
  • Previously: Citi has $125 bear case for Apple (Dec. 10)
  • Now read: Apple Earnings Preview: The Big Engine That Could


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