28 Apr '17, 7pm

#Qualcomm says #Apple stopped paying #iPhone #patent royalties of ~$8 per device or $2B/year

SAN JOSE, Calif. — Qualcomm is lowering its third-quarter guidance by about $500 million, claiming that Apple said it will not pay patent royalties. The disclosure suggests that Qualcomm receives a whopping $2 billion a year, or roughly $8 per device, in royalties for Apple products. Specifically, Qualcomm lowered its third-quarter guidance from a range of $5.3 to $6.1 billion to a range of $4.8 to $5.6 billion. Apple said that it will withhold Qualcomm royalty payments starting in the first calendar quarter until the patent dispute between the companies is resolved, Qualcomm said in a press statement. Apple filed suit against Qualcomm in January , claiming that Qualcomm’s royalties were exorbitant and the chip vendor pressured it to remain silent. In a countersuit filed earlier this month , Qualcomm said that it paid Apple to refrain from asserting patents and revealed th...

Full article: http://www.eetimes.com/document.asp?doc_id=1331662&_mc=sm...

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