Apple Hits Qualcomm with $1 Billion Lawsuit Over Excessive Royalties

It looks like the partnership between Apple and Qualcomm has come to an end, as the Cupertino company has decided to turn to the courts to settle a disagreement on paid royalties.

Apple has already released an official statement explaining why it has decided to file a lawsuit against Qualcomm over excessive royalties. The amount Apple is asking Qualcomm to pay for charging more excessive royalties is no less than $1 billion.

For many years Qualcomm has unfairly insisted on charging royalties for technologies they have nothing to do with. The more Apple innovates with unique features such as TouchID, advanced displays, and cameras, to name just a few, the more money Qualcomm collects for no reason and the more expensive it becomes for Apple to fund these innovations,” reads Apple’s statement obtained by <a href="http://… (read more)

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