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Imagination Tech’s annual report slams Apple’s ‘highly regrettable … unsubstantiated assertions’

<div class="feat-image">(https://9to5mac.files.wordpress.com/2017/07/imgtech_hero.jpg?quality=82&strip=all&w=1000&h=500)</div><p>The <a href="http://www.investegate.co.uk/imagination-tech-plc--img-/rns/final-results/201707040700260301K/" target="_blank" rel="noopener">annual report[/url] of <a href="https://9to5mac.com/guides/imagination-technologies/" target="_blank" rel="noopener">Imagination Tech[/url] – the company whose GPU designs are used under license in the iPhone and iPad – describes statements made by Apple as ‘unsubstantiated’ and ‘highly regrettable.’</p>
<p>The company said that in financial year 2017 it returned the company to profitability and had a clear strategy for growth. That path was derailed by <a href="https://9to5mac.com/2017/04/03/apple-to-stop-using-imagination-technologies-gpu-tech-within-two-years-img-stock-falls-by-70-percent/" target="_blank" rel="noopener">an Apple warning[/url] that the company planned to switch to its own GPU designs within two years, and would no longer need to pay license fees to Imagination …</p>
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