Apple Fires Back at Supplier Imagination in Contract Dispute
- IPhone maker says supplier knew for years deal was ending
- Imagination has said it was surprised by Apple’s decision
Why Apple Is Sparring With Imagination Technologies
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When the iPhone supplier Imagination Technologies Group Plc announced in April that Apple Inc. would no longer be using its graphics technology, investors in the small U.K. company were shocked. The graphics provider’s stock collapsed more than 60 percent.
But while investors were caught off guard by the move, Apple said Imagination had known for nearly two years that it was winding down the relationship.