FIRST AIRED: April 3, 2017

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Transcript

00:00:01
>> Beware changes of mind at Apple. A company that makes graphics chips for the iPhone has seen its stock crash after the tech giants announced its withdraw from the arrangement. Shares in Imagination Technologies plunging a whopping 69% to a seven year low. Apple holds an 8% stake in the British company which also makes chips for the iPad and Apple watch.
00:00:23
Imagination says Apple was its biggest customer, earning just under $76 million last year off royalties and licensing fees from the company's gizmos. But now, they believe Apple's developing its own graphics hardware instead. In a statement on Monday, Imagination said they doubted Apple could make their own graphics hardware without violating their patents.