English
Qualcomm Booking $4.5B in Apple Deal
Windfall comes amid continuing smartphone weakness in China
By Rick Merritt, EETimes
May 1, 2019
SAN JOSE, Calif. – Qualcomm will book a whopping $4.5-$4.7 billion in third quarter revenues as part of the litigation settlement it struck with Apple in mid-April. The funds include both past due patent royalties Apple will pay and Qualcomm’s release from obligations to the iPhone designer and its contract manufacturers.
The windfall will more than double third quarter revenues for the mobile chip giant amid a smartphone market where it sees continued weakness.
Qualcomm executives did not say how it will use the funds. In a quarterly conference call, they pointed to an on-going share buy-back program and a roughly $300 million increase in employee bonuses.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- Apple's $1 Billion Baseband Deal
- Analysis: In $2.5B Deal, Qualcomm & CSR Mesh
- Nokia set to pay Qualcomm $2.3bn in patent deal
- Apple announces multibillion-dollar deal with Broadcom for components made in the USA
- Apple to Start Mass Producing Self-Designed Mac SoC, Projected to Cost under US$100, in 1H21, Says TrendForce
Breaking News
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
- RaiderChip Hardware NPU adds Falcon-3 LLM to its supported AI models