According to Reuters, mobile phone chip supplier Qualcomm on Friday won a legal victory against iPhone maker Apple, in with a federal court found that Apple owes Qualcomm about $31 million for infringing three of its patents.
Qualcomm last year sued Apple alleging it had violated patents related to helping mobile phones get better battery life.
During an eight-day jury trial, Qualcomm asked the jury to award it unpaid patent royalties of up to $1.41 per iPhone that violated the patents.
Here's what Jim Cramer is watching in the markers Wednesday morning. Abbott's Earnings Abbott Labs reported first-quarter earnings that topped its own forecast. Abbott reported adjusted earnings of 63..
Qualcomm continued to soar Wednesday morning, up 10%, after announcing its settlement with Apple on Tuesday afternoon. The stock booked a 23% gain on Tuesday. The chipmaker Qualcomm extended its gains..