A court in China has granted Qualcomm an injunction against Apple.
The court has banned the import and sale of nearly all iPhone models in China, according to a statement Monday from Qualcomm. Apple is already disputing the scope of the ban, saying it only applies to iPhones that run on an older operating system.
Apple shares lost 2 percent on Monday, while shares of Qualcomm rose 3 percent. Apple’s stock turned negative for 2018 on Friday and is already down 26 percent this quarter.
