Axios:
In its quarterly earnings released today, Qualcomm said it would record $4.5-$4.7 billion revenue in the coming quarter as part of its settlement of a long-running intellectual-property quarrel with Apple.
The revenue “includes a cash payment from Apple and the release of related liabilities,” Qualcomm said.
Nice little bump.
$4b sounds great, but across how many quarters of iPhone sales?
Edit: Looks like 8 quarters. So that’s $500m/quarter. Apple got a fantastic deal here.