Apple has Brexit on Imagination tech
 

Fruity tax-dodging cargo cult Apple has told British graphics maker Imagination it will stop using its graphics technology in the iPhone and other products with two years’ time.

Imagination had been leaning heavily on Apple lately and depends on it as its biggest customer. It is also unclear what Apple is going to do about its graphics technology.

It looks like Apple is trying to slash costs by bleeding its suppliers. It is widely expected to see interest in its iPhone declining and has been putting the thumbscrews on its suppliers to keep its margins and profits up.

Apple paid Imagination license fees and royalties totalling £60.7 million for the year to the end ofApril 2016, half of its total revenue, and is expected to pay about £65 million pounds for this year, Imagination said.

http://www.techeye.net/business/appl...agination-tech