Apple To Pay $6 Billion To Resolve the Dispute With QualComm

To settle the dispute with Qualcomm, Apple will have to pay about $6 billion based on the terms in their bilateral agreement.

On April 18, CNBC reported that according to the UBS’s estimate, the Cupertino-based tech company seemingly accepted to pay from $8 to $9 in patent royalties for each iPhone. As per UBS, it is a renowned company offering financial services in Switzerland. The report stated,

Both Apple and Qualcomm haven’t given any comment on their development. Along with the dispute resolution, Tim Cook's company has taken a big step forward the fifth generation technology for iPhones. The iDevice manufacturer said,

The agreement between Apple and Qualcomm was achieved after Intel didn’t have the intention to participate in the race to develop 5G smartphone modems anymore. In addition, the chip maker finished the assessment of what 5G and 4G modems can reach in IoT devices, PCs, as well as data-centric devices. According to a report from The Verge,

As per the iPhone manufacturer and its chipset maker, both the companies have struggled with each other to ensure best practices in patent licensing during the two recent years.