What Exactly Tim Cook Said to Jim Cramer about Qualcomm## Apple stock recoveryLast week was pathetic for Apple (AAPL) investors after the company saw steep losses in the fourth quarter last year. In the quarter, the company fell 30.1% compared to the 14.0% and 17.5% falls in the S&P 500 Index (SPY) and the NASDAQ Composite Index, respectively.Last week, Apple’s CEO, Tim Cook, confirmed the company’s iPhone sales trouble in China—investors’ worst nightmare—and cut the company’s guidance for the quarter that ended on December 29, 2018. In contrast, Apple stock seems to be on the path to recovery due to optimism related to US-China trade talks.## Tim Cook speaks about the Qualcomm issueApple’s losses in the ongoing legal battle with American chip maker Qualcomm (QCOM) in multiple countries hurt its stock in the fourth quarter. In December, a Chinese court ordered Apple “to immediately cease infringing upon two Qualcomm patents through the unlicensed importation, sale and offers for sale in China of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X.” Similarly, in Germany, Qualcomm received a district court’s approval “to cease the sale, offer for sale and importation for sale in Germany of infringing iPhones.”During his recent interview with CNBC’s Jim Cramer, Cook said, “The issue that we have with Qualcomm is that they have a policy of no license, no chips. This is, in our view, illegal, and then, secondly, they have an obligation to offer their patent portfolio on a fair, reasonable, and non-discriminatory basis and they don’t do that. They charge exorbitant prices.”Cook’s negative remark on Qualcomm could diminish the possibility of a potential Apple-Qualcomm settlement, according to CNBC.Nonetheless, ahead of other larger concerns such as falling Chinese sales and the US-China trade war, Apple’s legal battle with Qualcomm may not have a big impact on its stock movement.As of January 8, Amazon (AMZN), NVIDIA (NVDA), Netflix (NFLX), Microsoft (MSFT), Alphabet (GOOG), Facebook (FB), Intel (INTC), and Advanced Micro Devices (AMD) have risen 10.3%, 4.7%, 19.7%, 3.9%, 8.7%, 1.7%, and 12.4%, respectively, month-to-date. In contrast, Apple fell 4.4% during the same period. Today as of 1:40 PM EST, AAPL was trading at a 2.2% rise.