Qualcomm to see at least $4.5 bn from Apple settlement

San Francisco, May 2, 2019 -US mobile chipmaker Qualcomm on Wednesday said it expects a windfall of $4.5 billion to $4.7 billion this quarter from its recent settlement with Apple in a royalty battle.

Qualcomm factored the additional revenue into a forecast in its latest earnings release, saying the money would be a payment “from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities.”

The Southern California-based company also factored in revenue expected for new royalties from Apple and the makers of its devices.