Since they announced a settlement and the end of all their legal disputes, Apple and Qualcomm refused to disclose any financial details signed between them. The most we had heard was an estimated $ 6 billion from UBS analyst Timothy Arcuri.
Well Yesterday, as we covered here on the site, Apple released its second-quarter fiscal results for 2019 and, during the conference with analysts and journalists, declined to give any details about the deal again. We cannot say the same about Qualcomm.
The chip giant has just released financial results for its second fiscal quarter of 2019 and in it brought official figures about the deal with Apple for the first time.
Here's the piece that interests us (our emphasis):
As we continue to evaluate the accounting impacts of the agreements (with Apple), our financial forecast for the third fiscal quarter of 2019 includes estimated revenues of $ 4.5 to $ 4.7 billion as part of the deal (which will be excluded from our Non-GAAP results), consisting of a payment from Apple and the release of our obligations to pay or refund certain Apple consumer obligations and contractors. In addition, our financial forecast for the third quarter of fiscal 2019 includes QTL revenues for royalties Apple and suppliers contracted for sales made in the June 2019 quarter.
O press release Qualcomm also brings a statement from its CEO, Steve Mollenkopf, about the subject:
() We are also pleased to have reached multi-year agreements with Apple and we can't wait to continue serving them as customers. We are advancing well on our strategic priorities as 5G is commercially launched around the world. Our 5G technology and product leadership, as well as expanding into new industries and product categories, creates a strong foundation for long-term revenue and profit growth.
Since April 15, the day before their agreement was announced, Qualcomm ($ QCOM) shares have risen by no less than 51%.