Apple forced Imagination Technologies to change course, but it still returned to being profitable

Imagination Technologies, the company that used to produce GPUs for Apple products, suffered quite a blow when the Cupertino company decided to manufacture its own graphics chips. The two companies ended up in a David-and-Goliath type of battle, in which Imagination claims that Apple can't make GPUs without infringing on its patents, while Apple says it can.

The repercussions suffered by Imagination Tech were so severe that the company recently announced it's looking to sell itself. However, according to its latest earnings report, the UK firm went back to being ...