Economics
Apple Sanctioned in Qualcomm FTC Case Over Withheld Evidence
- Company fined $25,000 for each day for documents undelivered
- Chipmaker accused of forcing iPhone maker to use its products
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A judge granted sanctions against Apple Inc. for dragging its feet in turning over documents in the Federal Trade Commission’s lawsuit accusing Qualcomm Inc. of forcing the iPhone maker to use its chips exclusively.
U.S. Magistrate Judge Nathanael Cousins in San Jose, California, ordered Apple to pay $25,000 for each day that it fails to produce the evidence starting Dec. 16, a penalty equal to the profit the iPhone maker generated every 16 seconds in the last fiscal year. Apple has until Dec. 29 to turn over the documents or face even steeper fines, according to a court filing late Thursday.