Apple fails to produce documents in FTC lawsuit vs. Qualcomm, gets fined $25K per day

U.S. Magistrate Judge Nathanael Cousins has ordered Apple to pay the court $25,000 each day that it fails to turn over certain documents related to the FTC's suit against Qualcomm. The court started adding up the fines on December 16th. The $25,000 is the amount of profit Apple made every 16 seconds during its last fiscal year. The company must turn over the documents by December 29th, or else it will be forced to pay a higher penalty amount for each day it doesn't turn over the documents.

Apple is not a party to the suit in which the FTC accuses the chip designer of allowing Apple to pay ...