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Qualcomm Got $4.5 Billion From Apple Settlement According to Earnings Release
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The real losers are the consumers who bought substandard Intel modems in iPhones over the last couple of years over this useless exercise in making lawyers on both sides making tons of money in the process...
There was a partial trial and we know what was released from that. Qualcomm provided a lot of evidence showing apple in the wrong and apple showed nothing except some KFC analogies.
Apple had licensed several useless patents from other companies, in an attempt to show qualcomm was overcharging. Failed.
Apple had internal emails saying qualcomm's patents were worth a lot.
That still doesn’t change what’s I posted. People have opinions on who was weaker and who was stronger, it may be both parties agreed to agree and give up something.
I bought this "substandard Intel modem" in my iPhone as you say and have had zero problems. Maybe it's not as good as the Qualcomm version because they hold most of the design patents but it works. Apple really didn't have a choice but to change brands once they were sued. You can't exactly buy from people suing you. Well you could I guess but it would be silly. Either way QC is back selling to Apple, both parties reached an agreement that they could live with, and life goes on. This is just how business works.
It's perfectly fine for urban/suburban users but it means the difference between LTE/4G speeds or no connection at all in rural areas so it's a real issue for many of us. Purposely have bought unlocked versions on my last 2 iPhones so I could get the Qualcomm radio and skipped the Xs Max for the Intel only modem. Us Physicians still have to see patients while they're actively suing us which is a lot of fun. Hopefully next gen will have Qualcomm available or I'll be shouldering the 8+ for another year...
Everything you posted was speculation, particularly the Steve Jobs bit.
BTW, Jobs SAID Cook was a better negotatior than himself. He said it. Cook is the better supply chain negotiator and is widely considered the best supply chain boss in the world. No one can touch Tim Cook there and I don't even think you'd get arguments here on that.
Cook fixed Apple originally when they had supply chain all over the place and way too much in house. Tim Cook is a genius.
Based on that, Cook did not get screwed by QCOM.
But your opinions are based on what? Apple didn't show any evidence while Qualcomm had a lot to talk about in their opening statement.
Apple's lawyer talked about ordering fried chicken and being charged for the bucket and the chicken. There's no law against that.
My opinion is based on nobody commenting claimed they know for a fact what went down. A strong or weak opinion is still just that.
One is going to rebuild an important part of human history.
The other is going to a company with a history of being a monopoly and squeezing out competitors. They're the poster child of antitrust and why the Patent system is defunct and anti-competitive.
Well, this is plainly wrong. Apple did claim that they didn't have to pay any patent royalty and accused QCOM of "double-dipping." Then Apple further claimed that QCOM's royalty basis and royalty rates were unFRAND -- as Apple had offered to pay only a small fraction of QCOM's on-going rates on per component basis
Apple has made similar claims against other wireless SEP holders without evidence past 10 years. I was actually curious what new evidence Apple had this time around -- unfortunately the company caved just as the case started.
QCOM was expecting $500M less in revenue for Q1 in 2017 due to Apple's underpayment or $500M x 8 (quarters) = $4+B.
http://fortune.com/2017/04/28/apple-iphone-royalties-qualcomm/
So it looks like Apple paid everything what it owed without any discount. This is far from $9B, or tripled amount $27B, that Apple and CM's demanded from QCOM.
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Qualcomm today announced its quarterly earnings results and shared details on the amount of revenue that it will be receiving in the coming quarter as part of its recent settlement with Apple.
As pointed out by Axios, Qualcomm will record $4.5 to $4.7 billion in revenue from the Apple settlement, which includes a "cash payment from Apple and the release of related liabilities."
Since its not mentioned elsewhere I think the $1.5 Billion Bond in Germany may actually be covered under related liabilities here. I went through the quarterly report and am guessing there is a lot of overtime in there, because the amount of times settlement with Apple is mentioned is really large. Also apparently Qualcomm and Huawei are having negotiating/renegotiating their contract and Qualcomm says that they may stop paying royalties in the upcoming quarters. I am wondering if the deal with Apple will help or hinder those discussions.
-Tig
Apple was pretty open about objecting to the way this was calculated from the start. Don't confuse court posturing with reality.
$4.5b is practically petty cash to Tim Apple. Must have told his secretary to write a check to Steven Qualcomm.
Umm the only wrong was back royalty payments that Apple told their suppliers to stop paying Qualcomm.
Umm the only wrong was back royalty payments that Apple told their suppliers to stop paying Qualcomm.
Keep up. They owed money based a previous agreement they stopped paying during litigation. You have no idea the terms or why they paid the money. None. Stop acting like you do.
Do you know? If not, then it’d be a little odd to formulate your own speculation in order to “disprove” unprovable speculation.
"You have no idea the terms or why they paid the money." Ok so then how can you act like you know and tell me I'm wrong? 4.5 billion dollars, don't be naive.
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Apparently nobody “knows” anything, but it sure looks like Apple was up to some nasty stuff. It seems Apple knew what Intel was and wasn’t capable of and took advantage of that—actively using them as a pawn with no intention of actually buying their modems. It all looks so unbelievably petty...Apple’s long-term plan to screw over Qualcomm, its jerking around of Intel (which also might have been out of spite to get back at Intel’s years of delays and subpar performance). It’s like high school all over again, but instead the kids are multi billion dollar international companies. ...And we’re happy to believe our data and privacy are in good hands? That with Apple we’re the valued customer and not the product? omg I hate to be pessimistic and cynical but if you scratch the surface of something like this a little bit and **** spews in every direction, there’s no telling what’s actually going on in the truly high stakes battles over customer data, psychometrics, etc.
Yes it will. Yes it does.
Yeah, don't know about this.
Indeed.
Webster defines it as "to take to be true on the basis of insufficient evidence". It's not based on fact. If there was facts you could just state those without speculating. In this particular case he's talking about Apple's motives or reasons behind what they did... Unless Tim Cook came out and said "Yes we were just doing this for this reason" or this guy is some inside person at Apple it's completely speculative.Isn’t speculation an inference based on fact?
I can speculate that Apple is planning to buy out Facebook based on my theory that they're championing privacy issues and this would be a great thing for that cause. Is that going to happen? Only the people at Apple would know.
I’m offering counterpoints to speculation to show you it’s not so simple. We don’t know, so it’s pointless and silly to say QCOM won or Apple lost anything.
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I’m telling you that’s a possible explanation for the money and it’s a fact Apple dropped payments during litigation.
What the payment is NOT is an admission of fault or confirmation Apple lost.