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Source: Common Domain

Qualcomm gets big windfall in surprise settlement, but Apple may have saved the iPhone from 5G doom

Wednesday 15:26 GMT

Apple Inc. and Qualcomm Inc.’s surprise settlement agreement Tuesday will result in a huge cash windfall for Qualcomm, and puts Apple on a faster path to 5G for the iPhone.

The big winner is obviously Qualcomm, which many analysts expect to see boosted by an additional windfall of billions dollars from Apple in payments for all the missed royalty revenue. Moody’s analyst Richard Lane said in an email that in addition to the future royalty revenue stream, “Qualcomm is also likely to receive a significant portion of an estimated $8 billion in catch-up royalty payments, adding yet another favorable boost to the company’s bottom line.”

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