Apple and QualcommThe Royalty Dispute Finally Settled
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Apple & Qualcomm – The Royalty Dispute Finally Settled

The royalty dispute over global patent license and chipset supply between Qualcomm and Apple, was settled on Tuesday, which included Apple paying Qualcomm.

Apple accused Qualcomm of trying to maintain a monopoly on the market, illegally, for premium modem chips that connect smart phones to wireless data networks.

Qualcomm came back at Apple by saying that, they took advantage of their popularity in the electronics world and wrongly ordered contract factories like Foxconn to hold royalty payments from Qualcomm.

As per the late afternoon trading reports, Qualcomm’s shares were up 16 percent while Apple’s shares didn’t showed any significant growth.