Apple hit with $25K per day fine in Qualcomm antitrust case

Apple hit with $25K per day fine in Qualcomm antitrust case

U.S. Magistrate Judge Nathanael Cousins found Apple had breached an October 18 court order setting December 15 as the deadline to produce 1.3 million documents as part of the discovery process in the Qualcomm/FTC case.

Apple (NASDAQ:AAPL) was ordered to pay $25K each day it fails to produce evidence related to an FTC case against Qualcomm (NASDAQ:QCOM). "We plan to appeal this ruling".

Qualcomm declined to comment.

India, China Hold Talks on Long-Pending Border Dispute
Doval and Yang Jiechi, who is also the State Councillor in China, held talks on the boundary issue earlier in the day. The 2 countries are rivals in geopolitical affairs, but China is one of India's main trading partners.

Apple, which isn't a party in the FTC suit, said in a filing this month that it had produced more than 2.6 million documents by the December 15 deadline and any dispute Qualcomm wanted to raise was premature.

The FTC contends Qualcomm leverages its market dominance in cellular modem chips to force smartphone makers to pay exorbitant royalties for its portfolio of mobile patents in violation of competition laws.

Apple has been sanctioned in its battle against Qualcomm for reportedly withholding relevant documentation. Apple sued Qualcomm in a different lawsuit shortly after the FTC lodged its complaint. Qualcomm has denied those allegations and is countersuing Apple, raising the rancor between the two companies. Even if Apple is fined the maximum amount of $350,000 through December 29 under the court ruling, it will barely faze a company that has about $270 billion in cash.

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