Qualcomm will pocket almost $5 billion from Apple settlement this quarter

Qualcomm will pocket almost $5 billion from Apple settlement this quarter

5 years ago
Anonymous $9jpehmcKty

https://www.cnet.com/news/qualcomm-will-pocket-4-5b-to-4-7b-from-apple-settlement-in-q3/

Overall, Qualcomm's third-quarter revenue should total $9.2 billion to $10.2 billion, a 65% to 83% jump from the previous year when Apple wasn't paying Qualcomm's licensing fees.

"We are ... pleased to have reached multi-year agreements with Apple and look forward to continuing to support them as a customer," Qualcomm CEO Steve Mollenkopf said in a statement.