The California tech giant's stocks rose by 5% last week, meaning that the company is nearing $2 trillion in market value and its CEO is the latest addition to the Bloomberg Billionaires Index.
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The heated legal battle between Apple and Qualcomm is now turning worse, as the latter has filed lawsuits against four contract manufacturers which stopped paying patent royalties to the chipmaker.
The heated legal battle between Apple and Qualcomm will now begin affecting the latter's financials in a big way, as Apple has stopped paying for royalties to its contract manufacturers.
According to a blog post by YouTube, users now spend 1 billion hours every day watching videos on the online video service. This is a 10-fold increase compared to 2012, recording 100 million views.
After alleging Qualcomm of patent abuse and suing the company in the US, Apple has now filed a lawsuit against the chipmaker in China for abusing its nearly monopolistic position.
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Earlier this week, the FTC sued Qualcomm over anti-competitive business practices and it looks like Apple is following with a suit of its own. Apple claims that the company owes it $1 billion.
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