Qualcomm and Apple have finally settled its ongoing patent dispute

SHARE:

It's time for Apple to pay up. For what seems like forever at this point, Apple and Qualcomm have been going back and forth at one ...

It's time for Apple to pay up.

For what seems like forever at this point, Apple and Qualcomm have been going back and forth at one another over various royalty disputes.

However, on April 16, 2019, the two companies issued out a press release to announce that they've reached a settlement.

Per the release:

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.

Qualcomm initially filed its first patent infringement back in 2017 arguing that Apple was using patented technology without properly compensating Qualcomm. Apple and Qualcomm have both taken turns delivering blows to one another over the last couple of years, and just this past Monday, trial proceedings had begun in San Diego. It was expected that the trial would last until May, but here we are.

Following this news, Qualcomm saw its stock price go up by more than 15% for a total market cap of $9.8 billion. Apple, on the other hand, saw a small dip before going up by barely 1%.

If you're interested, you can read the press releases from Apple and Qualcomm in full.



Source Android Central - Android Forums, News, Reviews, Help and Android Wallpapers http://bit.ly/2IGJfaW

COMMENTS

Name

action,4,adobe,1,android,4894,apps,1,apps for pc,1,commercials,1,editors' choice,3,electronic arts,1,emulators,1,fps shooter,1,gameloft,1,games,5,google,4,google assistant,2,how tos,1,lenovo,1,mobile data,1,mod apk,4,news,7,photography,1,pixel gun 3d,1,samsung,2,smart home,1,sports,1,videos,1,warner bros. international enterprises,1,youtube,1,
ltr
item
Androidiapa | Find the best Apps, How-tos, Tech News!: Qualcomm and Apple have finally settled its ongoing patent dispute
Qualcomm and Apple have finally settled its ongoing patent dispute
https://www.androidcentral.com/sites/androidcentral.com/files/styles/large_wm_brw/public/article_images/2018/11/qualcomm-generic.jpg?itok=rGPAeuCO
Androidiapa | Find the best Apps, How-tos, Tech News!
https://www.androidiapa.com/2019/04/qualcomm-and-apple-have-finally-settled.html
https://www.androidiapa.com/
https://www.androidiapa.com/
https://www.androidiapa.com/2019/04/qualcomm-and-apple-have-finally-settled.html
true
2061826184473551946
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy