Apple and mobile chip maker1 Qualcomm have settled a bitter financial dispute.
苹果与移动芯片制造商高通解决了一场痛苦的金融纠纷。
The surprise
truce2 announced Tuesday came just as the former allies turned
antagonists3 were facing off in a federal court trial that was supposed to unfold over the next month in San Diego. The resolution
abruptly4 ended that trial, which also involved Apple's key iPhone suppliers.
The deal requires Apple to pay Qualcomm an undisclosed amount. It also includes a six-year
licensing5 agreement that likely involves
recurring6 payments to the mobile chip maker.
Investors7 reacted as if it were a
resounding8 victory for Qualcomm. The San Diego company's stock soared 23% to close Tuesday at $70.45. Apple shares edged up 2 cents to $199.25.
Neither Apple nor Qualcomm would comment beyond a brief statement announcing they had resolved their differences. Details about how much Apple and its iPhone suppliers will be paying Qualcomm could emerge in court documents or when the companies announce their latest financial results. Apple is due to report its quarterly results on April 30 while Qualcomm is scheduled to release its numbers on May 1.
Apple had been seeking at least $1 billion for money that Qualcomm was supposed to
rebate9 as part of an earlier licensing agreement. Apple had begun to have
misgivings10 about that deal as it added more features to its increasingly popular line-up of iPhones.
Qualcomm was seeking $7 billion for
unpaid11 royalties12 it contended it was owed for its patented technology in the iPhone. Apple's iPhone suppliers, including Foxconn and Pegatron, wanted another $27 billion from Qualcomm.
The dispute was clearly beginning to hurt all parties involved, motivating them to settle, said technology industry
analyst13 Patrick Moorhead of
Moor14 Insights & Strategy.
"Both Apple and Qualcomm got deeper into this than they wanted to," Moorhead said.