Qualcomm responds to Apple claims, says they are 'baseless'

Qualcomm is firing back at Apple's claim for $1 billion for charging excessive royalties and anticompetitive practices.

Qualcomm fired back today claiming Apple's arguments are baseless. They released the following statement.

"While we are still in the process of reviewing the complaint in detail, it is quite clear that Apple's claims are baseless. Apple has intentionally mischaracterized our agreements and negotiations, as well as the enormity and value of the technology we have invented, contributed and shared with all mobile device makers through our licensing program. Apple has been actively encouraging regulatory attacks on Qualcomm's business in various jurisdictions around the world, as reflected in the recent KFTC decision and FTC complaint, by misrepresenting facts and withholding information. We welcome the opportunity to have these meritless claims heard in court where we will be entitled to full discovery of Apple's practices and a robust examination of the merits," said Don Rosenberg, executive vice president and general counsel, Qualcomm Incorporated.

Things are expected to get worse between these two companies before they get better.

It's been 10 years since the iPhone was launched

It's been ten years since Steve Jobs introduced the iPhone at Macworld 2007. The device, which was famously pitched as, "an iPod, a Phone and an Internet communicator, is credited for defining the smartphone segment as well as its various ecosystems including appl stores, music streaming services as well as the increase in mobile photography on phones. iPhone is now responsible for over 64% of Apple’s revenues and it its most successful product.

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