Apple, Qualcomm spar over CEOs' comments on settlement talks

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"On services, you will see us announce new services this year", he told Cramer.

Apple's shares, recently up about 2% to near $154-though still down in 2019-have gained as the company has sought to demonstrate that it has charted a path toward growth by focusing on selling more services and worrying less about iPhone sales. CNBC shared some of the major points earlier today, but one of the more interesting parts that came out of the full interview was Cook's stance on how the iPhone XR - the company's other iPhone it launched late a year ago alongside the iPhone XS and XS Max - is faring out there in the market.

"Look, the truth is, we haven't been in any settlement discussions with them since the third calendar quarter of a year ago. But I do think, looking back, in the future, you will answer that question: Apple's most important contribution to mankind has been in health".

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The company said it expects revenue for its fiscal first quarter to be as much as US$9bn lower than previous estimates. We are democratising it.

"We are taking what has been with the institution and empowering the individual to manage their health".

iPhone sales aren't going as strong as Apple anticipated, and earlier today, it was reported that the company turned to yet another production cut to align inventory with demand worldwide.

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Amid the gloom over tumbling iPhone sales, Tim Cook offered one shred of comfort for embattled shareholders: the bonanza from app downloads continues to grow. However, some industry experts have dismissed suggestions the downturn signals the demise of the iPhone, Apple's biggest-selling product. The primary case between the two, in which Apple has accused Qualcomm of engaging in illegal patent activity to maintain market dominance, is due to go to trial in April.

"The issue that we have with Qualcomm is that they have a policy of no licence, no chips". And they don't do that. (NASDAQ: QCOM), which operates unlawfully by charging "exorbitant" prices.

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