Apple violated one of Qualcomm‘s patents in Germany, and the company is being sued for selling some of its older iPhone models. Apple’s retail stores in Germany aren’t selling iPhone 7 and iPhone 8 models anymore, even though Apple is appealing the decision of a German court.
Similar thing happened in China. It was promised that the older iPhone models would get a software update, but the fact Apple didn’t stop selling those models, made Qualcomm angry.
source:variety.com
Since power management for communications chipsets in Germany is being covered by the patent in the middle of dispute, sofware update won’t save Apple. Sales of affected models were suspended, but the problem is that third-party retailers are still selling those models.
Apple share prices got down by 2%, which isn’t that strange considering that Google and Amazon shares also got down: Google by 2.7% and Amazon by 4.7%.
source:variety.com
However, Apple’s services business will likely grow 20%, while iPhone unit shipments could go down by 5%-8% in 2019, according to Angelo Zino, CFRA Research analyst.
Zino says: „We see iPhone uncertainty now being largely discounted in the shares and envision a number of catalysts that could help propel (the company’s stock) higher in calendar year 2019“. Meaning that Apple shares will most likely go up to $215, which is for $153 more than the current price.
source:variety.com
