Apple digs in couch cushions, finds $4.5 billion for a grateful Qualcomm

When Apple and Qualcomm unexpectedly settled their long-standing legal feud on the day opening arguments were supposed to begin in court, the companies did not disclose the amount that Apple was paying Qualcomm to end their war once and for all. 

Now, thanks to Qualcomm's Q2 earnings report, we know that Qualcomm expects to get $4.5 - $4.7 billion from the settlement — a financial boon for Qualcomm, that costs cash-rich Apple relatively little.

SEE ALSO: What Apple and Qualcomm's settlement means for the 5G iPhone

Apple and Qualcomm had been engaging in a tit-for-tat fight in the courts over what Apple argued were exorbitant royalties that Qualcomm was charging Apple for the use of its chip technology, on top of the price of the actual chips. In a surprise settlement, The companies agreed to end all legal action, worldwide, on April 16. The settlement included a six year licensing agreement, "multi-year" chip supply, and a cash payment from Apple, the amount of which the companies did not specify. Read more...

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from Mashable http://bit.ly/2GYZX4g