Qualcomm shares rise after jury finds Apple infringed on three patents

Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 on January 6, 2017 in Las Vegas, Nevada.

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Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 on January 6, 2017 in Las Vegas, Nevada.

Mobile phone chip supplier Qualcomm on Friday won a legal victory against iPhone maker Apple, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.

Qualcomm last year sued Apple alleging it had violated patents related to helping mobile phones get better battery life. During an eight-day jury trial, Qualcomm asked the jury to award it unpaid patent royalties of up to $1.41 per iPhone…

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