Qualcomm may seek to block Apple from selling iPhones in US
Qualcomm is reportedly preparing to ask the International Trade Commission to forbid Apple from importing iPhones, which are built in Asia, from entering the US. Earlier, Apple sued the chipmaker for $1 billion for charging "excessive" royalties for smartphone chips. Qualcomm has cut its quarterly revenue outlook by $500 million citing the likelihood of not receiving licensing fees from Apple.