In response, Moronkopf said in an interview with CNBC tonight that he would not disclose the cost of Apple’s final support to Qualcomm. But he is very happy that the two companies can continue to cooperate.
Moronkopf said: "Qualcomm and Apple are two great product companies. It is a natural choice for the two companies to work together and are willing to work together."
As early as 2007, Qualcomm's first partnership with Apple was negotiated by Steve Jobs (Steve Jobs). At that time, Jobs established a friendly relationship with then Qualcomm CEO Paul Jacob (Paul Jacobs). The two agreed that each appleiPhoneA fee of $7.50 will be paid to Qualcomm.
But in 2011, after Cook became CEO, he was said to have found the agreement to be "very excessive" and to promote revisions. According to people familiar with the matter, Cook replaced Steve Jobs as CEO in 2011. He found that Apple’s payment to Qualcomm exceeded the sum of all other iPhone licensing fees, which is shocking.
After the two companies announced a settlement, Qualcomm's share price soared, closing Qualcomm shares rose 23.42%, to 70.57 US dollars, the largest single-day increase since 1999.