Qualcomm CEO Says Apple Dispute Close to Settling

Qualcomm CEO Steve Mollenkopf told CNBC on Wednesday that his firm and Apple are “on the doorstep” of settling their ongoing dispute. He told Mad Money host Jim Cramer that they “do talk as companies.” He reiterated that he believes a resolution is likely in the last part of 2018 or early 2019. Apple has accused Qualcomm of taking an unfair cut of each iPhone. Meanwhile, Qualcomm has accused of Apple of stealing and bartering its trade secrets. Mr. Mollenkopf also discussed 5G rollout in the interview. He predicted that the 5G rollout will start in spring 2019.
“We’ve always talked about — I’ve been very consistent — that … the second half of this year and into next year is when we’re really on the doorstep of finding a resolution and we don’t see anything different than that,” the CEO said.