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(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) took steps to enforce a court order banning the sale of some iPhone models in Germany following a patent dispute, a move that will likely see Apple Inc (AAPL.O) pull those models from its German stores. A spokesman for Gravis, Germany’s biggest reseller of Apple products which is owned by telecoms company Freenet (FNTGn.DE), said on Friday that it still had all Apple products on sale, including the iPhone 7 and 8 models. The German case is Qualcomm’s third major effort to secure a ban on Apple’s lucrative iPhones over patent infringement allegations after similar moves in the United States and China, and is part of a global patent spat between the two companies.
Qualcomm posted bonds of 1.34 billion euros ($1.5 billion) on Thursday, as required for the German court order to come into effect, The court found on Dec, 20 that Apple had infringed Qualcomm patents on power-saving technology used in smartphones, Apple said in a statement after the verdict last month that it would pull iPhone 7 and 8 models from its own 15 retail stores in Germany during an appeal process once the order came into force, However, it also said it would continue to offer all of its phones at thousands of retail and carrier locations across Germany, a direct hermes h2 cufflinks contradiction to Qualcomm’s interpretation of the order..
A spokeswoman for the Munich regional court told Reuters on Friday that Apple had appealed the court’s Dec. 20 ruling. Apple, which had also said it planned to appeal the court decision, declined to comment on Qualcomm’s most recent move on Friday, only referring to its statement after the verdict. According to the court order, Apple has to stop the sale, offer for sale and importation for sale of all infringing iPhones in Germany. The court also ordered Apple to recall the affected iPhones from third-party resellers in Germany, according to a statement by Qualcomm.
Kai Ruting, a German lawyer not involved in the case, said the court order was directed at Apple entities rather than third parties, “These third parties are still free hermes h2 cufflinks to sell the (affected) iPhones, and they sell the majority of iPhones,” Ruting said, adding, “the question of a settlement will be driven by the U.S, litigation and not the German case.”, Ruting said that Apple had strong arguments for the German court’s ruling to be reversed on appeal, If that happens, Qualcomm’s bond will be used to compensate Apple, he said..
Apple’s announced intention to pull iPhones from stores in Germany contrasts with how it has handled a court decision in China, where there was a much broader ban on iPhone sales after a court ruled the devices violated Qualcomm’s patents. Apple has continued to sell phones in China, saying it believed its phones were legal in the country. Still, Apple also pushed a software update to address concerns over whether it was in compliance with Chinese courts. Qualcomm has said those software updates were insufficient and that Apple must still withdraw its phones. Apple had filed a request for the Chinese court to reconsider its decision, but no outcome has been announced.
BEIJING (Reuters) - China’s central bank said on Friday it was hermes h2 cufflinks cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown, The cut comes amid mounting worries about the health of the world’s second-largest economy, which is facing both slowing demand at home and punishing U.S, tariffs on its exports, Global stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years..
The announcement came just hours after Premier Li Keqiang said China would take further action to bolster the economy, including reserve requirement ratio (RRR) cuts and more cuts in taxes and fees, highlighting the urgency to cope with increasing headwinds. “This speedy RRR cut with great intensity fully demonstrates the determination of policymakers to stabilize growth,” said Yang Hao, an analyst at Nanjing Securities. “At present, the economy is facing very big downward pressure amid internal and external troubles.”.
The cut in RRR is the first in 2019 by the People’s Bank of China (PBOC), It cut the ratio for all banks, freeing up a net 800 billion yuan ($116.51 billion) after lenders use some of the 1.5 trillion yuan in liquidity released to pay back maturing medium-term loans, The size of the cut was at the upper end of market expectations, and the net funds released would be the largest amount in the five cuts since hermes h2 cufflinks last January, “Policy easing will be stepped up further over coming months,” Capital Economics said in a research note..