Want CNET to notify you of price drops and the latest stories?
CNET logo Why You Can Trust CNET

Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may get a commission. Reviews ethics statement

Qualcomm CEO puts on a brave face over Apple dispute

Quarterly results worsened after Qualcomm this year lost Apple's iPhone business.

Ben Fox Rubin Former senior reporter
Ben Fox Rubin was a senior reporter for CNET News in Manhattan, reporting on Amazon, e-commerce and mobile payments. He previously worked as a reporter for The Wall Street Journal and got his start at newspapers in New York, Connecticut and Massachusetts.
Ben Fox Rubin
2 min read
Ben Fox Rubin/CNET
Advertiser Disclosure
Advertiser Disclosure
This advertising widget is powered by Navi and contains advertisements that Navi may be paid for in different ways. You will not be charged for engaging with this advertisement. While we strive to provide a wide range of offers, this advertising widget does not include information about every product or service that may be available to you. We make reasonable efforts to ensure that information in the featured advertisements is up to date, each advertiser featured in this widget is responsible for the accuracy and availability of its offer details. It is possible that your actual offer terms from an advertiser may be different than the offer terms in this advertising widget and the advertised offers may be subject to additional terms and conditions of the advertiser which will be presented to you prior to making a purchase. All information is presented without any warranty or guarantee to you.

Qualcomm is facing tough times after Apple iced it out of its latest iPhones and sued the chipmaker earlier this year.

But, Qualcomm's CEO offered a positive spin on the situation Wednesday, saying the company's timeline to reach a resolution remains on track. Granted, no specific time frame was mentioned.

"We have continued to have discussions with Apple to try and reach a resolution," CEO Steve Mollenkopf said on a call with analysts, later adding that a "potential resolution of our dispute with Apple [is] in front of us."

He added that a resolution could arrive through litigation or a settlement.

His comments seemed to contradict a story from Reuters that published earlier Wednesday, in which an anonymous source claimed Apple and Qualcomm aren't in talks "at any level" to settle the dispute.

Mollenkopf's comments come as Qualcomm has gone through particularly turbulent times, with the company facing multiple patent-related lawsuits and President Donald Trump even stepping in to stop rival Broadcom from pulling off a hostile takeover of Qualcomm.

While Mollenkopf offered upbeat words for his company's investors, Qualcomm's latest quarterly results, which were also reported Wednesday, painted a bleaker picture. Revenue dropped 2 percent to $5.8 billion and the company swung to a loss, due in part to losing Apple's iPhone business. Results beat market expectations.

Mollenkopf also touted the promise of 5G networks, which are expected to start hitting the market next year and should offer huge potential for Qualcomm's business.

CNET's Gift Guide: The best place to find the perfect gift for everyone on your list this season.

5G is your next big upgrade: Everything you need to know about the 5G revolution.