“A day after settling a multibillion-dollar battle with Apple, Qualcomm’s CEO told CNBC he looks forward to working with the iPhone maker, but he would not disclose how much Apple agreed to pay,” Lauren Feiner reports for CNBC. “‘The reality is two great product companies, it’s a natural position for them to work together and want to work together,’ Qualcomm CEO Steve Mollenkopf said.”
“Mollenkopf said the company will not disclose the payment Apple agreed to in the settlement,” Feiner reports. “Following the announcement of the settlement on Tuesday, Qualcomm said it expects incremental earnings per share of $2 as product shipments ramp and it starts providing 5G chips to Apple.”
“Despite the bitter legal dispute, Mollenkopf said Qualcomm and Apple are now focused on their products and working together,” Feiner reports. “‘The energy of the companies right now is let’s figure out how to ramp up as quickly as possible,’ Mollenkopf said. ‘That’s where the focus is, that’s what we are excited about.'”
Read more in the full article here.
MacDailyNews Take: Obviously, like charging mats apparently, modems are hard (and/or patented up the wazoo). As a result, Apple’s climbed back in bed with the devil for the time being.
Here’s what likely happened between Apple, Qualcomm and Intel – April 17, 2019
Intel axes 5G modem plans after Apple and Qualcomm settle – April 17, 2019
After settlement with Apple, Qualcomm still faces other potential legal fallout – April 16, 2019
Qualcomm and Apple settle, agree to drop all litigation – April 16, 2019
Intel rebuffs report, still plans to supply 5G modems for 2020 devices – April 5, 2019
Intel modem announcement likely means no 5G iPhone until 2020 – February 22, 2019