Qualcomm Could Get as Much as $4.7bn from Apple

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Qualcomm revealed Wednesday that it expects to receive at least $4.5bn from its settlement with Apple.  The figure appeared in its latest earnings report.

Qualcomm Revenue Boost From Apple Settlement

The chipmaker said it could receive as much as $4.7bn in total:

While we continue to assess the accounting impacts of the agreements, our financial guidance for the third quarter of fiscal 2019 includes estimated revenues of $4.5 billion to $4.7 billion resulting from the settlement (which will be excluded from our Non-GAAP results), consisting of a payment from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities.

On April 16th the companies announced they had settled their two-year legal dispute. They signed a 6-year licensing agreement, effective as of April 1. Apple has a 2-year option to extend. The firms agreed a multiyear chipset supply agreement too. Apple also agreed to make a one-off payment to Qualcomm. The amount was not disclosed at the time.

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archimedes
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archimedes

Massive win for Qualcomm and a disappointing loss for Apple.