Here’s What Apple Gave up to Settle Nasty Legal Battle with Qualcomm
idropnews.com - 04-18
Apple and Qualcomm this week put an end to the bitter legal battle between them. But for Apple, the settlement didn’t come for free. In fact, Apple likely paid between $5 and $6 billion to Qualcomm to settle the ongoing litigation, according to a UBS note to investors penned by analyst Timothy Arcuri (which was seen by CNBC). That’s a one-time payment that Arcuri based on outstanding royalty payments that Apple stopped paying when the dustup between the two firms began.