Apple fails to produce documents in FTC lawsuit vs. Qualcomm, gets fined $25K per day

Apple fails to produce documents in FTC lawsuit vs. Qualcomm, gets fined $25K per day
U.S. Magistrate Judge Nathanael Cousins has ordered Apple to pay the court $25,000 each day that it fails to turn over certain documents related to the FTC's suit against Qualcomm. The court started adding up the fines on December 16th. The $25,000 is the amount of profit Apple made every 16 seconds during its last fiscal year. The company must turn over the documents by December 29th, or else it will be forced to pay a higher penalty amount for each day it doesn't turn over the documents.

Apple is not a party to the suit in which the FTC accuses the chip designer of allowing Apple to pay lower licensing fees in return for using Qualcomm chips exclusively. A few days after the FTC suit was filed, Apple filed its own suit against Qualcomm alleging that the chip designer had a monopoly on chips for mobile devices.

Apple claims that it will appeal the court's ruling even though the company says that it has already produced millions of documents related to this case, and plans on producing millions more. To be more precise, Apple alleges that it turned over more than 2.6 million documents by the December 15th deadline, and that Qualcomm is acting prematurely in putting the squeeze on the iPhone producer.

Qualcomm is currently the subject of an unsolicited takeover bid by rival chip designer Broadcom. The latter is offering  $105 billion, or a combination of $60 in cash and $10 a share in Broadcom stock, for each Qualcomm share.

source: Bloomberg



1. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Classic Apple, trying to delay for a settlement or QC take over from their broadcom puppet. Still, having to choose the lesser of two evils on this one.

18. sgodsell

Posts: 7621; Member since: Mar 16, 2013

$25,000 a day fine is nothing for Apple. Also how could that be the profit for Apple when 365 days times $25,000 works out to only $9.1 million for an entire year. Who ever gets this information should proof read before posting. That amount of money is nothing for Apple a day. Oh, wait ever 16 seconds. Or 13,500,000 every day. So Apple should be fined 13 million each day.

34. xfire99

Posts: 1207; Member since: Mar 14, 2012

Try to learn to read first. Its not 9.1M for entire year. Would like Apple to delay it for entire year and see if the share holders is happy too see thiers profits decreasing for each day after a year. "The company must turn over the documents by December 29th, or else it will be forced to pay a higher penalty amount for each day it doesn't turn over the documents."

2. airoid

Posts: 133; Member since: Dec 13, 2016

2017 doesn't get along with Apple. They have all kind of problems. They skip 7s and jump to number 8 and 10. Those numbers bring bad luck for an American company.

3. sirohunter

Posts: 222; Member since: Sep 23, 2017

And now the lawsuit against them for lowering the performance of older phones because of 'battery issues' damn lets see how that is going to turn

4. cnour

Posts: 2305; Member since: Sep 11, 2014

Apple will be ruined soon....very soon!!!!!! Keep dreaming Android lovers.....

23. tedkord

Posts: 17514; Member since: Jun 17, 2009

Nobody wants to see them ruined. We just want to see them play by the rules, and start innovating again.

26. darkkjedii

Posts: 31765; Member since: Feb 05, 2011

Excellent post ted. Too many idiots wishing for Apple’s demise, not realizing what that would do to tech landscape. I think we’re about to see a more competitive Apple starting in 2018, and moving forward from there.

30. makatijules

Posts: 835; Member since: Dec 11, 2017

What would it do to the tech landscape? One less player. Apple really doesn't push competition. He competition amongst Android OEM's will keep them moving forward. What we do need is someone to push QC into making better and faster CPU and GPU. Samsung needs to get off QC train and get the Exynos out here.

28. makatijules

Posts: 835; Member since: Dec 11, 2017

I want them to get the full affect of what they been dishing out to other. Lawsuits, heavy fines, banned products and more. Eye for an eye!

5. HansP

Posts: 542; Member since: Oct 16, 2011

American corruption at its finest. If everything else fails Apple will just do like the NRA and buy legislators to get the "law" they want.

9. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

Obama gonna save them. Oh wait! Trump?

* Some comments have been hidden, because they don't meet the discussions rules.

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