Qualcomm pops on Apple settlement (video)

By Steven M. Peters Updated Jan 11, 9:12AM EST · Published Apr 16, 4:05PM EDT

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Apple, not so much.

From Apple PR:

San Diego and Cupertino, California — Qualcomm and Apple today announced an agreement to dismiss all litigation between the two companies worldwide. The settlement includes a payment from Apple to Qualcomm. The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.

My take: The case was an existential threat for Qualcomm. This lifts the cloud.

Cue the CNBC video (includes Gene Munster soundbite):

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