Qualcomm wins big in patent case settlement with Apple; shares jump

Credit: Reuters- Published on April 16, 2019
Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured only Intel Corp chips last year.
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Credit: Wochit Business
Published on April 17, 2019 -  00:31
Qualcomm Boosted By Settlement With Apple
Qualcomm continued to soar Wednesday morning, up 10%, after announcing its settlement with Apple on Tuesday afternoon. The stock booked a 23% gain on Tuesday. The chipmaker Qualcomm extended its gains Wednesday morning, up over 10%, as traders continued to bid up shares after the company reached a settlement with Apple over their royalty dispute.

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