Connect with us

Business

Apple to pull some iPhones in Germany as Qualcomm extends global wins

Editor

Published

on

[ad_1]

MUNICH/SAN FRANCISCO (Reuters) – Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores.

FILE PHOTO: Apple staff hold iPhone X packages at the Apple Store in Berlin, Germany, November 3, 2017. REUTERS/Hannibal Hanschke/File Photo

Qualcomm’s win in Germany comes weeks after it secured a court order to ban sales of some iPhone models in China. Apple, which is contesting both rulings, has continued to offer its iPhones in China but made changes to its iOS operating system in the wake of the Chinese order.

The German victory may affect only a few million iPhones out of the hundreds of millions that Apple sells each year. Still, it is a small but clear win in a complex legal battle that will spin into overdrive in the coming months as antitrust regulators and Apple both take Qualcomm to court in the United States.

Apple alleges that Qualcomm engaged in illegal behavior to preserve a monopoly on modem chips, which help mobile devices connect to wireless data networks. Qualcomm has in turn accused Apple of using the chip supplier’s vast stable of technology innovations without proper compensation.

While a sales ban in China could hurt Apple’s bottom line, it is unlikely the two patent skirmishes will sway the outcome of the broader battle, where Qualcomm has suffered a series of setbacks fighting U.S. antitrust regulators.

Shares of Apple were down 2.3 percent at $157.12 in late trading, weighing on the broader market.

Qualcomm shares were down 0.2 percent at $56.69.

Qualcomm is not pursuing the software patents in the Chinese case in other jurisdictions and suffered an early loss while pursuing a U.S. sales ban on the U.S. version of the hardware patent at issue in Germany.

OLDER PHONES PULLED

On Thursday, Apple said it would pull older iPhones from its German stores after a court ruled that Apple had infringed a hardware patent of Qualcomm Inc and banned sales of iPhones there with chips from Apple supplier Qorvo Inc.

“Two respected courts in two different jurisdictions just in the past two weeks have now confirmed the value of Qualcomm’s patents and declared Apple an infringer, ordering a ban on iPhones in the important markets of Germany and China,” Don Rosenberg, Qualcomm’s general counsel, said in a statement.

For each of the two Apple entities it won orders against, Qualcomm needs to post a bond of about 668.4 million euros, or $765.9 million, before it can begin proceedings to enforce the order, a move Qualcomm said it would carry out “within a few days.”

The smartphone maker said it was appealing the decision, but the order goes into effect as soon as Qualcomm posts the bond.

Apple said it would pull some phones from its stores while it pursued an appeal.

“We are of course disappointed by this verdict and we plan to appeal,” Apple said in a statement. “All iPhone models remain available to customers through carriers and resellers in 4,300 locations across Germany. During the appeal process, iPhone 7 and iPhone 8 models will not be available at Apple’s 15 retail stores in Germany. iPhone XS, iPhone XS Max and iPhone XR will remain available in all our stores.”

Stacy Rasgon, an analyst with research firm Bernstein, said in a note that Germnany was a small iPhone market for Apple, selling about 10 million units a year, with possibly only half of those being the older models affected by the court’s order.

When Qualcomm posts the bond to enforce the order, it could seek to extend the ban to Apple’s resellers and the newer iPhone models not included thus far, legal experts said.

Qualcomm said the court had granted its request for “a recall and destruction of all accused devices from all retailers in Germany.”

RISKS

But pressing forward with enforcement presents some risks for Qualcomm. In an earlier proceeding before the U.S. International Trade Commission, U.S. regulators viewed a more extensive set of technical evidence about whether Qorvo’s chips and Apple’s phones violated Qualcomm’s patents.

Those U.S. regulators sided with Apple and Qorvo. If higher courts in Germany do the same when Apple appeals, Qualcomm could be forced to forfeit its bond if the decision becomes final.

The German case is Qualcomm’s third major effort to secure a ban on Apple’s lucrative iPhones over patent infringement allegations after similar efforts in the U.S. and China.

In the United States, Qualcomm sought to ban the import of iPhones with chips from Intel Corp. Trade regulators found Apple had infringed one Qualcomm patent, but so far declined to ban the phones with Intel chips because regulators feared it would hurt competition in the chip marketplace.

“Competition authorities around the world have repeatedly found Qualcomm’s licensing practices unlawful, yet Qualcomm continues to try to achieve the same results through a campaign of patent lawsuits,” Steven Rodgers, Intel’s general counsel, said in a statement after the ruling in Germany.

In Germany, the judge ruled that phones with a chip from Apple supplier Qorvo violate one of Qualcomm’s patents around so-called envelope tracking, a feature that helps mobile phones save battery power while sending and receiving wireless signals.

Mike Baker, Qorvo’s chief intellectual property counsel, said in a statement that U.S. trade regulators had ruled that Qorvo’s chips did not violate the U.S. version of Qualcomm’s patent and that the chip’s inventor wasn’t allowed to testify at the German hearing.

A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song

“We believe our envelope tracking chip does not infringe the patent in suit, and the court would have come to a different conclusion if it had considered all the evidence,” Baker said.

In China, Apple is still pursuing a so-called request for reconsideration with the court that issued the bans.

Apple said its phones remained on sale and it believed it has complied with the Chinese court’s order, but it also made changes to its iPhone software in the wake of the ruling. Qualcomm believes Apple is violating the Chinese court order despite the new software and must stop selling phones there.

Reporting by Joern Poltz in Munich, Stephen Nellis in San Francisco and Jan Wolfe in Washington; Writing by Emma Thomasson; Editing by Tassilo Hummel, Bernadette Baum and Nick Zieminski

[ad_2]

Source link

قالب وردپرس

Business

5 ways to pay off a loan faster

Editor

Published

on

By

Gaining access to a loan has gotten easier and easier, but borrowers must still navigate a system that offers both good and bad loans. With so many options and hidden clauses, finding the right strategy for paying off a loan faster can seem complicated. But it doesn’t have to be. Borrowers can still achieve financial freedom quickly while remaining Zen.

Here are five ways to pay off a loan faster:

1. Increasing the monthly payment

Yes, this is an obvious strategy and might seem difficult to do at first glance. However, you’d be surprised at what you can really do when you use a loan payment calculator to determine how much you’ll save on interest payments if the loan is closed ahead of schedule.

Before calculating the amount to increase the monthly payment, borrowers need to contact their bank to find out:

  • how early repayment takes place;
  • what hidden fees and penalties exist for early repayment;
  • whether it is necessary to write an application;
  • when the payments can be made.

All these factors can significantly affect the final amount due. Often, the contract contains hidden payments and sanctions for early full or partial repayment of the loan. It is less profitable for a bank to allow their client to close a loan or credit account ahead of time. For this reason, many companies resort to all sorts of tricks to prevent clients from paying off their loans early.

2. Finding an additional source of income

Another perhaps overlooked approach to paying off a loan is to simply increase your income. Some options for doing this might include

  • getting a part-time job;
  • working additional shifts;
  • looking for temporary seasonal openings;
  • engaging in a one-time project;
  • selling unnecessary or unused household items.

Whatever the activity, it does not have to be related to the borrower’s main profile and specialization. In spring and summer, unskilled workers are constantly required for cleaning summer cottages, harvesting crops, or pruning bushes. In the winter, it can be tutoring, cleaning apartments, construction and repair work, tailoring, and freelancing.

3. Minimizing expenses

Many borrowers find it impossible to pay off their loans without cutting costs.

So, it is a good idea to analyze your income and expenses, leaving room for only the essentials.

Borrowers need to be as honest as possible with themselves and clearly define what they can temporarily refuse in favor of quick loan repayment.

During this period, borrowers should avoid unnecessary expenses or online shopping, and develop a rational but economical meal plan.

Cutting costs should also include getting rid of expensive habits like alcohol, cigarettes, morning lattes on the way to work, lunch with employees in a cafe, or Friday evenings out with friends. However, borrowers should have in mind that these are only temporary harsh measures to shorten the loan term that will help them get out of debt.

4. Rounding up the Payments

Rounding up the payments is an interesting strategy to reduce the time it will take to pay off the loan. For example, a borrower owing $425 a month can decide to be paying $500 a month. This little commitment adds up to an extra 75$ in repayment every month. Over time, that adds up to a significant amount, saving interest payments and getting the borrowers out of debt ahead of schedule.

5. Speeding up the loan repayment

Another clever strategy is to make a bi-weekly payment rather than just one monthly payment. Which is better: paying $1000 per month or $500 every two weeks? The second strategy wins.

To really speed up the loan repayment, borrowers could divide their monthly payment in half and pay that amount every two weeks. This means making 26 half-payments in one year, which is the equivalent of a whole additional monthly payment. This 13th payment is called the accelerator. It allows borrowers to pay off their loans faster.

The bottom line

Paying off the loan faster decreases the overall term of the loan and helps borrowers get out of debt ahead of schedule.

In addition to adopting the strategies above, borrowers may be able to help themselves by adopting good financial habits that will stay with them for the rest of their lives.

Borrowers who spend less than what they earn can reduce their debt and even start saving for other projects. They can do this by revising their monthly budget. This allows them to control their game plan and quickly see where they need to adjust.

These good habits will not only help people take control of their debt, but also take control of their general finances.

Continue Reading

Business

Future of Ottawa: Coffee with Francis Bueckert

Editor

Published

on

By

Francis Bueckert: When it comes to the current landscape of coffee-roasting companies and independent cafes in Ottawa, I think we are at a really interesting moment in time. There are more local roasters that are doing artisanal small-batch production—with more attention to the quality and origin of the beans.

With larger corporations such as Starbucks closing locations, it has opened a bit of space for local players to grow. We have been lucky to work with many folks in the coffee-roasting community, and we have found that there is a willingness to collaborate among different coffee roasters. For example, when Cloudforest started back in 2014, we were roasting our coffee at Happy Goat and it was the expertise of their head roaster Hans that helped me learn how to roast. Other companies such as Brown Bag Coffee have also lent a hand when we needed extra roasting capacity. There are others, such as Lulo, Mighty Valley Coffee, Bluebarn, The Artery, and Little Victories that are also part of the growing local coffee community. It’s small roasters like these who have shown me what a coffee community can look like, and that we can help to elevate each other, rather than being locked in competition.

If you care to make a prediction… What’s happening to the local café industry in 2021?

We believe that there is hope and that 2021 can be a big pivot year for small roasters and cafes.

This year will not be ideal from a business point of view. However, it could create a shift in people’s attitude toward where they get their coffee. We are holding out hope that people will support the roasters and cafes that are local to help them economically survive what is in all reality a very difficult time.

It all depends on where consumers decide to go this year. People are starting to recognize that supporting large corporations at this moment will be at the cost of the local roasters and cafes. There is the growing realization that a future where there is only Amazon, Walmart, and Starbucks would be pretty bleak. So we have an opportunity this year to support the kind of local businesses that we want to see thrive.

In your wildest dreams, what will the landscape for local coffee roasters and cafés look like in your lifetime?

In my wildest dreams, all of the coffee roasters and cafés would be locally owned and independent. They would all be focused on direct trade and artisanal coffee. Each different coffee roaster and café would know exactly where their coffee came from. Ideally, each company would be a partnership between the farmers who grow the beans and the people here selling them. There would be a focus on how to cooperate and collaborate with the farmers in the countries of origin to share the benefits around. We would all work together and share orders of cups, lids, and other packaging so that we could get better bulk pricing. In this way, we would make our local coffee community so efficient that the large corporate coffee companies wouldn’t even be able to compete.

We would also like to see people use coffee as a way to create social good. For example, we started Cloudforest as a way of helping support farmers in Ecuador who were taking a stand against large mining companies. This remote community stood up to protect their environment, so that they could have clean drinking water and soil for the next generation. They started an organic coffee cooperative to help show that there are other models of development, and we are doing our part year after year to help support their vision. They have a vision of development that does not include mass deforestation and contamination, and organic coffee is a key (among others) to show that another way forward is possible.

Continue Reading

Business

Special events in the Ottawa Valley dominate annual OVTA tourism awards

Editor

Published

on

By

The Ottawa Valley Tourist Association hopes that its annual tourism awards will provide a little sunshine during what is a dark time for local tourism operators because of the pandemic.

The Ottawa Valley Tourism Awards are presented annually by the Ottawa Valley Tourist Association (OVTA) to individuals, businesses, and events that recognize the importance of working together for the growth of the local tourism industry, as well as offering exceptional visitor experiences.

“After a year that saw a lot of businesses in the hospitality and tourism industry being challenged like never before, the annual Ottawa Valley Tourism Awards represent a bit of light on the horizon” said Chris Hinsperger, co-owner of the Bonnechere Caves.

The Ottawa Valley Tourist Association’s (OVTA) Awards Committee co-chairpersons, Meghan James and Chris Hinsperger, said they were very pleased with the recent nominations received, especially in the Special Events category. Submissions were received for The Farm to Fork Dinner Series at the Whitewater Inn; Light up the Valley; The Eganville Curling Clubs’ Rock the Rings; The Ontario Festival of Small Halls ; The Bonnechere Caves On-line Underground Concert Series; The Opeongo Nordic Ski Clubs’ Ski Loppet; The Tour de Bonnechere — Ghost de Tour 2020; and The Bonnechere Caves Rock ‘n Roll Parking Lot Picnic.

“During a time when communities were challenged, it is nice to see that people still made an effort to get together and celebrate, albeit under certain conditions. It just shows the creativity and resiliency of our tourism Community here in the valley” said Meghan James, director of sales at the Pembroke Best Western.

There are three Award categories: The Marilyn Alexander Tourism Champion Award, The Business of Distinction and The Special Event of the Year.

Hinsperger, is excited about this year’s awards.

“During this pandemic the hospitality and tourism industry was the first to be hit, was the hardest hit and will be the last of our industries to fully recover. As Valley entrepreneurs we owe it to ourselves, to our businesses and to our communities to be an active part of that recovery. Our livelihood and economic recovery depends on our efforts. And we will get back to welcoming people from all over the world to share a little bit of the place we are privileged to call home. This awards process leaves myself and others fully optimistic about our positive outcomes.”

Award winners will be announced at the Ottawa Valley Tourist Association’s virtual annual general meeting on Monday, May 31.

The OVTA is the destination marketing organization for the Upper Ottawa Valley and proudly represents more than 200 tourism businesses, comprised of attractions and outfitters, accommodation, food, beverage and retail establishments, artists and galleries, municipalities, as well as media and industry suppliers. The OVTA is supported by the County of Renfrew, Renfrew County municipalities and the City of Pembroke.

Continue Reading

Chat

Trending