Apple's latest announcement may 'destroy' this technology company

Apple has given Imagination faculty notice that it will stop exploitation its graphics technology among the iPhone and various product in up to a pair of years' time, dealing a big blow to a people company, which may lose 1/2 its revenue.
Shares in Imagination, among that Apple holds associate degree Victory Day stake, plunged by sixty fifth.

The technology cluster licenses its method designs to Apple and receives atiny low royalty on every graphics chip used during a iPhone, iPad and Apple Watch.
Imagination, however, same it doubted that Apple may go it alone whereas not violating Imagination' patents, holding and tip.

"This proof has been requested by Imagination but Apple has declined to provide it," it same on weekday. It same that Apple's notification had triggered talks on completely different business arrangements for this license and royalty agreement.
Apple paid Imagination license fees and royalties totaling sixty.7 million pounds for the year to end-April 2016, 1/2 its total revenue, and is anticipated to pay relating to sixty 5 million pounds for this year, Imagination same.