Apple: legal battle with Qualcomm to continue, analyst says.
(CercleFinance.com) - The legal battle between Apple and Qualcomm is set to continue, says analysts at Wells Fargo Securities, after the iPhone maker yesterday filed an amended complaint against the chipmaker.
According to the broker, the case may take some time to go to trial and even further for a final court decision.
"We believe Apple is essentially broadening the litigation and trying t pressure Qualcomm by citing a recent Supreme Court ruling, which affirmed that a patent holder cannot be rewarded twice for the same patent," Wells Fargo explains.
The broker further says that Apple claims that Qualcomm's business model breaks the law as the company charges for chips and requires manufacturers to pay license fees ("double-dipping").
As a reminder, Wells Fargo Securities has a "market perform" rating on Apple, with a target price of 140 dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
According to the broker, the case may take some time to go to trial and even further for a final court decision.
"We believe Apple is essentially broadening the litigation and trying t pressure Qualcomm by citing a recent Supreme Court ruling, which affirmed that a patent holder cannot be rewarded twice for the same patent," Wells Fargo explains.
The broker further says that Apple claims that Qualcomm's business model breaks the law as the company charges for chips and requires manufacturers to pay license fees ("double-dipping").
As a reminder, Wells Fargo Securities has a "market perform" rating on Apple, with a target price of 140 dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.