May 1, 2019 - Technology

Qualcomm to record $4B revenue from Apple settlement

Qualcomm sign at a trade show

Photo: Ramon Costa/SOPA Images/LightRocket via Getty Images

In its quarterly earnings released today, Qualcomm said it would record $4.5-$4.7 billion revenue in the coming quarter as part of its settlement of a long-running intellectual-property quarrel with Apple.

  • The revenue "includes a cash payment from Apple and the release of related liabilities," Qualcomm said.
  • The two companies had previously declined to specify the economic impact of the settlement, other than to say Apple would make a one time payment to Qualcomm as part of the broader agreement.

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