Qualcomm: Apple CEO 'misleading' over settlement talk

Qualcomm: Apple CEO 'misleading' over settlement talk

The company's CEO stressed that Apple plans to launch new services in addition to the existing ones, which will allow it to reduce its dependence on sales of gadgets. "And as we've gotten into healthcare more and more through the Watch and through other things that we've created with ResearchKit and CareKit and putting your medical records on the iPhone, this is a huge deal".

"Look, the truth is, we haven't been in any settlement discussions with them since the third calendar quarter of previous year", Cook said in his recent interview. He said it is Apple's "most-important contribution to mankind".

In response to waning iPhone sales, Apple has reportedly cut planned production for its next three models by about 10% for the next three months. And we're just at the front end of this. The bonus was linked to revenue and operating income targets, both of which rose 16% from a year earlier.

"The Compensation Committee determined that no downward adjustments to the payouts would be made based on Apple's 2018 performance and the individual contributions of our named executive officers and approved the maximum total payout at 400 percent of annual base salary", the Apple filing said. However, Apple CEO Tim cook has not confirmed it, but hinted that new services will likely be several.

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Analysts at Wedbush believe trade tensions between the U.S. and China have not helped demand for Apple's latest iPhone XS/XR products in the Asian nation.

People walk by a video display promoting 5G connectivity at the Qualcomm booth during the 2019 CES in Las Vegas, Nevada, US January 8, 2019. "This is, in our view, illegal".

"And then secondly, they have an obligation to offer their patent portfolio on a fair, reasonable, and nondiscriminatory basis".

"In terms of the naysayer, I've heard this over and over again", Cook said in an interview Tuesday with Jim Cramer on CNBC. The chipmaker issued a statement that said the comers were "misleading and appear to be a deliberately timed attempt to tarnish our company's reputation".