Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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The sell-off immediately followed Apple Inc. (NASDAQ:AAPL)'s announcement that it won't be using Imagination Technologies' chips in its new products. According to a CNBC report, Imagination develops chips that provides the graphics in iPhone, iPad and iPod products.
Apple ranks as Imagination Technologies' biggest clients and the report prompted the stock to fall to its lowest point since 2009. Instead, Apple said it will be developing its own technology as it wants to reduce its future reliance on companies such as Imagination and will cease using its products within 15 months to two years.
Imagination Is Fighting Back
Imagination said in a press release that Apple hasn't provided any evidence to support its claim that it can develop the technologies in-house without violating its patents, intellectual property and confidential information.FREE REPORT: How To Learn Options Trading Fast
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"This evidence has been requested by Imagination but Apple has declined to provide it," Imagination added in its press release.
Also important to note, Apple owns an 8.5 percent stake in Imagination and CNBC suggested that Apple even held talks about acquiring the company.
Finally, Imagination said that it will be issuing a further announcement in due course.
Related Links:Top Benzinga Stocks Of The Week: GE, Facebook, Apple And MoreApple iPhone 8 Build Reduction Rumors Aren't True: BlueFin_________Image Credit: "The ImgTec MIPS Creator CI20 system-on-a-chip with a USB serial adapter connected to its UART header." By Michael McConville - Own work, CC BY 4.0, via Wikimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.