Qualcomm and Apple agree to drop all litigation
Notes:<p>- Apple pays Qualcomm a one time payment, no word on the size<p>- Qualcomm is up almost 18% while apple is flat which tells you who this affected more<p>- ends all ongoing litigation<p>- 6 year license and global patent license agreement that can be extended<p><i></i>NOTE<i></i> global license here is important as there was talk of just a US based agreement before<p>- new chipset supply agreement so don&#x27;t look for Apple designed chipsets just yet<p>- Qualcomm might be finally done with litigation.  China fined it $975M and Korea hit it with an $865M fine.  Though to be fair, both countries are hardly neutral in this and its very reasonable to see these fines as a form of tariffs to help their own domestic companies<p>- wasn&#x27;t a court ordered agreement which means both sides came together to make this and it wasn&#x27;t forced on them by the courts.<p>- Qualcomm reported incremental EPS of $2 on its website, that&#x27;s a fair bit so this is probably a win for Qualcomm in the short term, note this doesn&#x27;t mean its bad for apple.<p>- bring on the 5G iPhones now, perhaps this makes Samsung the biggest loser out of this as apple is now ready for the nextgen cell service and Qualcomm is no longer negotiation from a position of weakness<p>- QCOM&#x27;s licensing model lives on, good for them, makes them a big takeout target now, could see $100 QCOM in that case, its at $70 now and was $57 at the start of the day.