Qualcomm stock jumps on surprise settlement with Appple

Credit: RTE.ie- Published 1 week ago
Qualcomm has won a major victory in its wide-ranging legal dispute with Apple as the companies reached a surprise settlement that called for the iPhone to once again use Qualcomm modem chips.
Advertisement

Credit: Wochit Business
Published 1 week ago -  00:38
Qualcomm Stock Soars After Settling Patent Dispute With Apple
Reuters reports that Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc. The settlement includes an undisclosed payment amount from Apple to Qualcomm. The agreement also includes a six-year patent license deal and supply agreement that could pave the way for Qualcomm to get its modem chips back in the iPhone. Following news of the settlement, shares of Qualcomm jumped 22 percent in late afternoon trading, their biggest gain in more than 19 years. Apple stock was up marginally.

You are here

Recent related videos from verified sources

Jim Cramer: Qualcomm's Ending its Dispute With Apple 00:32
Credit: The Street - Published 1 week ago 


Jim Cramer's Thoughts on Abbott and Netflix Earnings, Qualcomm and Apple 05:13
Credit: The Street - Published 1 week ago 


Qualcomm Boosted By Settlement With Apple 00:32
Credit: Rumble - Published 1 week ago 


You might like