Imagination Tech shares plunge as Apple abandons British firm

Apr 3, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

LONDON (Reuters) – Apple has given Imagination Tech notice that it will stop using its graphics technology in the iPhone and other products in up to two years’ time, dealing a major blow to the British company, which could lose half of its revenue.