This Might Be Bad News for This Apple Inc. Supplier

For months now, the investment community has been keenly aware of the fact that Imagination Technologies' (NASDAQOTH: IGNMF) days as the supplier of graphics processor intellectual property in Apple's (NASDAQ: AAPL) A-series applications processors were numbered.

Back in April, Imagination confessed to its shareholders that it had been informed by Apple that it "will no longer use [Imagination's] intellectual property in its new products in 15 months to two years [sic] time, and as such will not be eligible for royalty payments under the current license and royalty agreement."

Image source: Apple.

Source: Fool.com