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Apple says iPhones remain on sale in China following court injunction

Apple has filed an appeal to overturn a court decision that could ban iPhone sales in China, the company said on Monday, adding that all of its models remain available in its third-largest market.

The American giant is locked in a legal battle in the world’s biggest smartphone market. On Monday, Qualcomm announced that a court in Fujian Province has granted a preliminary injunction banning the import and sales of old iPhone models in China because they violated two patents owned by the American chipmaker.

The patents in question relate to features enabling consumers to edit photos and manage apps on smartphone touchscreens, according to Qualcomm.

“Apple continues to benefit from our intellectual property while refusing to compensate us. These Court orders are further confirmation of the strength of Qualcomm’s vast patent portfolio,” said Don Rosenberg, executive vice president and general counsel of Qualcomm, in a statement.

Apple fought back in a statement calling Qualcomm’s effort to ban its products “another desperate move by a company whose illegal practices are under investigation by regulators around the world.” It also claimed that Qualcomm is asserting three patents they had never raised before, including one which has already been invalidated.

It is unclear at this point what final effects the court injunction will have on Apple’s sales in China.

The case is part of an ongoing global patent dispute between Qualcomm and Apple, which saw the former seek to block the manufacturing and sale of iPhones in China over patent issues pertaining to payments last year.

Qualcomm shares were up 3 percent on Monday. Apple opened down more than 2 percent before closing up 0.7 percent. Citi lowered its Apple price target to $200 a share from $240 a share, saying in a note to investors that while it does not expect China to ban or impose additional tariffs on Apple, “should this occur Apple has material exposure to China.”

The Apple case comes as the tech giant faces intensifying competition in China, which represented 18 percent of its total sales from the third quarter. The American company’s market share in China shrunk from 7.2 percent to 6.7 percent year-over-year in the second quarter as local competitors Huawei and Oppo gained more ground, according to market research firm IDC.

The annual drop is due to Apple’s high prices, IDC suggests, but its name “is still very strong in China” and “the company will fare well should it release slightly cheaper options later in the year.”

Samsung heir handed 5-year jail sentence for bribery

 Samsung vice chairman and the company’s heir apparent Jay Y. Lee is headed to jail after a court in Korean ruled that he is guilty of bribery, embezzlement, capital flight and perjury charges. Lee, who has been earmarked as the future leader of the company, was handed a five-year jail sentence, although he is expected to appeal the decision. He took a board seat at Samsung last year in… Read More

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Samsung posts record quarterly profit despite scandals

 Despite being slammed by scandals, Samsung just recorded a record quarter of business with a net profit of $9.9 billion for Q2 2017. The Korea firm has been rocked by the recall of the Galaxy Note 7 and the prosecution of de facto leader Jay Y. Lee on bribery charges, but that didn’t stop it from pulling in revenue of $54.8 billion during the three-month period. That revenue figure rose… Read More

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LG launches a mobile payment service in Korea

 LG announced plans for its own mobile payment service way back in November 2015, and today it finally went official with the launch.
The LG Pay service is initially limited to the G6, LG’s flagship smartphone, via a software update, but it is only available in Korea. There is launch support for cards from Shinhan Bank, KB, BC and Lotte, and LG plans to cover all of Korea’s card… Read More

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Pittsburgh’s Kerf Cases enrobes your phone in fine wood

 One iPhone case is much like the other unless it’s made of figured walnut wood from a retired woodworker in California and feels like the surface of a finely-sanded and well-made piece of antique cabinetry. That’s why Kerf Cases, a Pittsburgh-based manufacturer, is so cool.
The founder, Ben Saks, has been working in wood for most of his life. While working at Carnegie Mellon… Read More

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BeeHex cooks up $1 million for 3D food printers that make pizzas

A heart-shaped pizza printed by BeeHex. The phrase “3-D printer” typically brings to mind devices that churn out plastic objects like jewelry, toys, hardware prototypes or even prosthetics. Now, a startup building a 3-D food printer, BeeHex, has raised $1 million in seed funding to launch its first product, a pizza printer called the Chef 3D. Initially, BeeHex wanted to develop a printer that would be able to make a… Read More

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Samsung’s de facto leader indicted on bribery charges

shutterstock samsung The de facto head of Samsung, Jay Y. Lee, is facing the potential of years behind bars after South Korean prosecutors said today that they intend to indite him on bribery charges, the Wall Street Journal reported. Lee was arrested earlier this month on bribery, embezzlement, and perjury charges related to giving $37 million to an advisor of President Park Geun-hye in exchange for… Read More

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Crunch Report | Galaxy S8 Coming in March

The Trump administration names its manufacturing council, Tesla is suing an ex-employee for reportedly stealing proprietary autopilot information and poaching talent, Samsung Galaxy S8 is reportedly launching in March and Apple is using iCloud to improve Siri. All this on Crunch Report! Read More

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Driving the 2017 Chevrolet Bolt EV

bolt-ev147a0384 The Bolt is designed to be approachable and at least a little familiar at first, even though it’s actually a very different kind of car under the hood, thanks to its 60 kWh battery and electric motor. Chevrolet knows that a lot of its owners will be first-time EV buyers, and that there’s a learning curve when you’re coming from a long history of driving gas-powered cars. Bolt… Read More

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