Apple estimated to have paid up to $6 billion in Qualcomm settlement
Apple’s recently-announced short town amongst Qualcomm didn’t come upwards cheap, according to UBS analyst Timothy Arcuri. In a enquiry notation released Thursday, Arcuri said the iPhone-maker probable paid betwixt $5 together with $6 billion to position a halt to the bevy of legal battles betwixt the 2 companies.
That erstwhile payment should encompass the royalty payments Apple stopped making several months agone when it together with Qualcomm showtime entered litigation. Additionally, Arcuri estimates that Apple has every bit good agreed to pay Qualcomm betwixt $8 together with $9 inwards royalties per iPhone—up from the $7.50 it was paying.
As nosotros reported, on Tuesday Apple together with Qualcomm reached a six-year licensing agreement, putting an destination to a years-long legal battle that spanned multiple continents. Shortly afterwards the annunciation of the deal, Intel issued a press unloose proclaiming its teach out from the 5G smartphone modem space.
Source: CNBC
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