Apple recovered from earlier losses Monday after a Chinese court banned the import and sale of most iPhone models in the country as part of an injunction. The stock fell as much as 3 percent, but ended the day up 0.7 percent. Qualcomm requested the injunction for alleged patent violations and announced the news in a statement Monday morning.
Qualcomm alleged that Apple violated two patents it holds on features that let users reformat the size and appearance of photos and manage applications on a touch screen when navigating through phone apps. The two preliminary injunctions were granted by the Fuzhou Intermediate People's Court in China. Apple says that it did not violate these patents and that the ban goes beyond the scope of the injunction itself.
Apple says the injunction only concerns patents that apply to iOS 11, the operating system for iPhone and iPad Apple launched in 2017. This predates the system that runs on the newest iPhones, iOS 12. Apple said it is still selling iPhones in China, one of its largest and most important markets for the iPhone.