Apple will stop using Imagination Technologies' technology after Apple's purchase was rumored last year. This initially does not have to be bad for Apple as it would go on to design and develop your own GPUs just as you do with your CPUs. The news was published on the Imagination Technologies website and right now it is a reality despite the fact that Apple products will continue to assemble their components for a period of approximately 2 years, which means that today they have been separated but the stock will be exhausted in the next devices and after this time will already be Apple's own.
The bitten apple company is Imagination Technologies Group Plc's largest customer, today it has 8,1% of the shares and last year it was almost bought by Apple during the month of March; news that Apple itself admitted in its day with the beginning of the negotiations that in the end did not come to fruition. This means that Apple will have to make an effort not to violate IT patents, although according to the British it will be difficult.
While this news was taking place, the value of Imagination Technologies shares fell in the stock market during the morning session, leaving values of up to 70% lower than the publication of this break. Imagination Technologies is usually present at the MWC in Barcelona and they never offer information about Apple or its customers, but this year it is true that they went through the event with a little less noise than previous years and it is possible that they already knew about this break with the American giant.