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Qualcomm to record $4B revenue from Apple settlement

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.

Go deeper: Apple, Qualcomm settle long-running legal dispute

Go deeper

Caitlin Owens, author of Vitals
14 mins ago - Health

When vaccine hesitancy becomes political

Data: CDC and New York Times; Chart: Will Chase/Axios

The counties with the most vaccine-hesitant residents generally also voted for Donald Trump in 2020 by large margins, whereas the counties with the lowest levels of hesitancy generally also had fewer Trump voters.

Why it matters: Your politics don't have anything to do with whether you're vulnerable to the coronavirus if you remain unvaccinated.

Go deeper (2 min. read)Arrow
Kim Hart
29 mins ago - Technology

States court tech money even as they bash companies

Illustration: Annelise Capossela/Axios

Some of the country's fastest-growing states are publicly attacking the tech industry's business practices on one hand while courting its investment on the other.

Why it matters: Attracting technology companies is a holy grail for economic development because they bring high-paying jobs and prestige to aspiring tech hubs. But that project is now colliding with some state leaders' efforts to rein in tech companies' growing power.

Go deeper (3 min. read)Arrow
Rebecca Falconer
4 hours ago - Politics & Policy

Minnesota governor denounces alleged police violence against media

Law enforcement officers pepper spray freelance photographer Tim Evans (L) as he identifies himself a working journalist outside the Brooklyn Center police station on Friday. Photo: Chandan Khanna/AFP via Getty Images

Gov. Tim Walz (D) spoke out Sunday over allegations that journalists covering unrest in the Twin Cities suburb of Brooklyn Center have endured police violence, telling CBS Minnesota: "Apologies are not enough, it just cannot happen."

Why it matters: Since violations of press freedoms came to national attention last year, with reports of journalists being arrested and assaulted while covering anti-racism protests, violent encounters with law enforcement seem to have become the norm.

Go deeper (2 min. read)Arrow