Apple Inc. ended up paying Qualcomm $5-6 billion approx. for an agreement to dismiss all ongoing litigations that include Apple's contract manufacturers, between the two companies worldwide. Other reports from CNBC citing an estimate from financial services firm UBS on Thursday that Apple may have agreed to pay $8-$9 in patent royalties per iPhone.
The report noted, "The UBS estimate suggests that Apple paid a high price to end a bitter legal battle that spanned multiple continents and threatened Apple's ability to release a 5G iPhone".
Both Apple and Qualcomm haven't commented on the development. This deal with Qualcomm will aid Apple to a faster path on 5G for iPhones.
Apple, the Cupertino-based iPhone maker said, "The settlement includes a payment from Apple to Qualcomm. The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multi-year chipset supply agreement".
According to the Verge report, "It's likely Intel's decision prompted Apple and Qualcomm's decision to settle -- which came as quite a surprise since it happened just as lawyers were presenting opening arguments at the latest courtroom trial".
Apple and Qualcomm have had issues with each other over patent licencing and fighting over it for the last two years.
(With IANS inputs)