Techteam:
Gregg stated that last quarter Royalties were $46 Million. Last quarter was Q3, not Q2. The $18 Million you refer to was Q2, and that is why L&R for Q2 was $70 Million.
So, we are back to $10 - $15 /phone in royalties.
Korean vendors publicly stated less than a year ago that they were very upset with the 6% royalties that they had to pay QCOM. The 6% would surely push us to the upper end of the scale.
My estimate for L&R for Q4 follows:
Added 3,281,920 CDMA users during Q4. QCOM produced 1,325,000 of these phones, leaving 1,956,920 to collect royalties on.
Royalties on phones: $29,355,800 (based on $15/each)
Royalties on Infrastructure: $20,000,000 (incl Japan)
New Licensees: $ 6,000,000 (Acer Periph & US Wireless)
Adjustmt to Q3 Est $ 3,000,000 (based on consrv est)
Total = $58,000,000 |
