Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide.
The settlement includes a payment from Apple to Qualcomm.
The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.
Source: Apple Inc.
MacDailyNews Take: Ta da!
As we wrote back in August 2017:
All along, this has been a dance over royalties, with Apple seeking more amenable terms to Qualcomm’s highway robbery to date. We expect a settlement as well, eventually (once Qualcomm is sufficiently worn down) – a settlement that benefits Apple vs. the old agreement.
SEE ALSO:
Billions at stake as Apple v. Qualcomm trial begins – April 16, 2019
Apple-Qualcomm jury includes woman who’s never owned smartphone – April 16, 2019
Apple, allies seek damages of up to $27 billion in U.S. trial over Qualcomm’s predatory business model – April 15, 2019
Frosty relationship between Apple CEO Tim Cook and Qualcomm CEO Steve Mollenkopf has deepened dispute – April 13, 2019
