Apple And Qualcomm End Global Court Battle And Are Best Buds Again

CREDIT Courtesy of Apple

However, if you're an iPhone user, and you want to keep using iPhones, you could have been left out if Apple didn't have access to a steady stream of 5G chips.

The news sent Qualcomm's stock price soaring more than 23 percent on Wall Street, its best one-day performance in almost 20 years.

Hours after Qualcomm and Apple announced a six-year licensing agreement as part of a royalty settlement, Intel made a decision to exit the future 5G smartphone market.

Finally, the U.S. FTC case against Qualcomm that makes numerous same claims of anticompetitive behavior remains unresolved, with a decision expected at any time.

Apple accuses Qualcomm, which holds the most patents for chips, of taking advantage of its dominant position to charge exorbitant amounts for its chips or access to its patents.

It looks as though the other shoe has dropped with followings Apple's surprise settlement with Qualcomm over patent licensing fees (as we predicted).

Apple and Qualcomm agreed Tuesday to dismiss all legal disputes between the two companies worldwide.

After news of the settlement became public, Intel announced it would be withdrawing from the business of making 5G modems for smartphones. Analysts said not using Qualcomm would hinder Apple's ability to create a market-leading 5G iPhone. Qualcomm countered that Apple reneged on its contracts. It also includes a six-year licensing agreement that likely involves recurring payments to the mobile chip maker.

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The biggest victor of this settlement is Qualcomm. "The companies also have reached a six-year licence agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement".

The settlement came just as both companies were beginning a $30 billion federal court trial over just one aspect of the case.

While lifting Qualcomm's shares, the settlement didn't help Apple's stock, which was largely unchanged at $199.25.

Apple is behind rivals such as South Korea's Samsung Electronics Co and Huawei in delivering a phone equipped with fifth-generation (5G) modems that is expected to provide fresh momentum in a slumping global smartphone market.

Neither Apple nor Qualcomm would comment beyond a brief statement announcing they had resolved their differences.

Qualcomm had also accused Apple of using the legal system as a way to pay less for its technologies.

But with Apple's efforts to launch a 5G version of the iPhone by 2020 reportedly being hampered by Intel missing deadlines for the development of its own XMM 8160 5G modem chip, it has been suggested another firm could enter the fray.

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