This Might Be Bad News for This Apple Inc. Supplier
For months now, the investment community has been keenly aware of the fact that Imagination Technologies' (NASDAQOTH: IGNMF) days as the supplier of graphics processor intellectual property in Apple's (NASDAQ: AAPL) A-series applications processors were numbered.
Back in April, Imagination confessed to its shareholders that it had been informed by Apple that it "will no longer use [Imagination's] intellectual property in its new products in 15 months to two years [sic] time, and as such will not be eligible for royalty payments under the current license and royalty agreement."
Image source: Apple.
Source: Fool.com
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