- Qualcomm will record $US4.5-$US4.7 billion in revenue in the next quarter as part of its recently announced settlement with Apple.
- The companies did not previously disclose specific figures, only saying that Apple would make a one-time payment to Qualcomm as part of the agreement.
In its quarterly earnings released today, Qualcomm said it would record $US4.5-$US4.7 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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