Qualcomm expects $4.5 to $4.7 bn revenue including a settlement with Apple
Taiwan based tech company Qualcomm said it expects a $4.5 billion to $4.7 billion this quarter from its recent settlement with Apple in a royalty battle.
Qualcomm factored the additional revenue into a forecast in its latest earnings release, saying the money would be a payment "from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities."The Southern California-based company also factored in revenue expected for new royalties from Apple and the makers of its devices.
Qualcomm reported revenue of $5 billion in the recently ended quarter, while its forecast for the current quarter was from $9.2 billion to $10.2 billion in revenue.
In April, Apple and Qualcomm announced an agreement to "dismiss all litigat...