New York (CNN Business) Qualcomm bet it all on its bitter dispute with Apple and won. With the company no longer at risk of losing one of its most important sources of revenue, Qualcomm's stock has soared 40% to a 5-year high since it announced Tuesday it had settled all litigation with Apple . Qualcomm will continue charging Apple royalties for its patents, and Apple will pay Qualcomm a substantial fee as part of the agreement. Decades ago, Qualcomm patented a method for cell phones to communicate with towers. It used to make cell phones, but now it licenses those patents to smartphone manufacturers.

Source: CNN April 17, 2019 13:52 UTC