Qualcomm Says It Will Appeal Europe's $1.23 Billion Fine

The European Commission announced that it would be fining the company €997 million, or $1.23 billion, for abusing its market position between 2011 and 2016, related to its relationship with Apple. Qualcomm says it will appeal the case and that the decision “does not relate to Qualcomm’s licensing business and has no impact on ongoing operations.”