Yes, that's right. QCOM moved dramatically to the upside as soon as the news of a settlement broke. That's without the market knowing what the terms were. (We still don't know with much precision.) It was the mere fact that a deal had been agreed to which moved QCOM. The market previously (correctly) saw great risks for QCOM in there not being a deal, in the dispute dragging on for a while. So, with that great risk removed, the market valued QCOM much more highly than it previously had - and it did so immediately. Again, that was without regard to what the terms were.
If the market had seen great risk for Apple in not having a deal done and the dispute dragging on for a while, then AAPL would have moved significantly to the upside when the news broke. The great threat to Apple's business would have been removed.
Getting a deal done was absolutely a win for Qualcomm. It was a win for both parties, but it was a bigger win for Qualcomm because Qualcomm needed the dispute settled more than Apple did.
But that's a different thing than saying the agreed on terms were more favorable for Qualcomm than for Apple, or that Apple caved more so than Qualcomm. To the contrary, the reality that a deal getting done, in itself, represented a bigger win for Qualcomm than for Apple would suggest that the agreed on terms were more favorable for Apple. And, if the USB estimates are fairly accurate, that - in combination with what else we know about the deal and what we can otherwise be confident in - is the case. Apple is in a much better position with regard to its relationship with Qualcomm than it was when it started withholding royalty payments and filed suit. Could it have come out better? No doubt it could have. Its maximum point of relative leverage may have come a few months ago. But, likely, it still faired quite well.
That this settlement had no effect on AAPL shows that Apple shouldn't have bothered with all these schemes all along. It made no difference.