Markets

Breakdown of the latest developments on the global exchanges
Mar 27, 2019, 12:00 PM GMT
#Manufacturing

Apple Shares Tumble Down on Allegations of Qualcomm Inc. Patent Infringement

The shares of the company fell in yesterday's trading session with 1.03% after the international trade commission Judge MaryJoan McNamara has found that Apple

"…has violated subsection (b) of Section 337 in the importation into the United States, the sale for importation, or the sale within the United States after importation of certain mobile electronic devices containing processing components" [source]

The news that specific imported iPhone models could potentially be banned due to patent infringement issues caused the price of Apple shares to fall with as much as 4.87 dollars per share.