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. The two companies had previously declined to specify the economic impact of the settlement, other than to say Apple would make a one time payment to Qualcomm as part of the broader agreement.Go deeper: Apple, Qualcomm settle long-running legal dispute
Original author: Scott Rosenberg, Ina Fried, Axios