Apple recovers losses after Chinese court bans sale of most iPhones

A Chinese court ordered a ban on most iPhone sales in the country as part of two preliminary injunctions.
Qualcomm sought the injunctions, alleging Apple violated two of its patents.

Apple denies violating the patents and says the scope of the iPhone ban in China goes beyond what the injunction calls for.

Apple recovered from earlier losses Monday after a Chinese court banned the import and sale of most iPhone models in the country as part of an injunction. The stock fell as much as 3 percent, but ended the day up 0.7 percent. Qualcomm requested the injunction for alleged patent violations and announced the news in a statement Monday morning.

Qualcomm alleged that Apple violated two patents it holds on features that let users reformat the size and appearance of photos and manage applications on a touch screen when navigating through phone apps. The two preliminary injunctions were granted by the Fuzhou Intermediate People’s Court in China. Apple says that it did not violate these patents and that the ban goes beyond the scope of the injunction itself.

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