Apple halts Qualcomm's licence payments

For Qualcomm, Apple's move is an infringement on its legal agreements with contract makers of iPhone

Apple cut off billions of dollars in payments to Qualcomm, turning a contract dispute into what one analyst called an “all-out war” that forced the chip supplier to slash forecasts given only days ago.

The world’s largest publicly traded technology company and one of the main suppliers of components to the iPhone, its most important product, have traded accusations of lying, making threats and trying to create an illegal monopoly. The fight involves billions of dollars of technology licensing revenue that, if permanently cut off or reduced, would damage Qualcomm’s main source of profit and help bolster Apple’s margins.

Apple told Qualcomm