May 1, 2019 - Technology
Qualcomm to record $4B revenue from Apple settlement
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.
Go deeper: Apple, Qualcomm settle long-running legal dispute