Apple CEO Tim Cook: We Feel Good About Resolution With Qualcomm

pretty much: "We feel like we were going to lose the trial"

Translation: Intel’s modems suck and we don’t have what we need in order to ship our own modems yet so hello again, Qualcomm.

pretty much: "We feel like we were going to lose the trial"

"They found our internal memos indicating we were trying to mess them up for leverage. We got caught with our hand in the cookie jar and bent over because we were going to lose". IMHO

You mean you feel good about basically caving in to the pressure and giving them everything they wanted? Okay Tim—we believe you. We really do.

Considering they caved I don’t know why Apple would feel good....

If Qualcomm's initial estimate for the incremental EPS effect of the agreement is more or less correct, then Apple got a favorable combination of royalty rate and chip supply terms. (The back of the envelope calculations aren't hard to do.) Of course, whatever the terms were they were also acceptable to Qualcomm. But, by the time of the settlement, Qualcomm had already had to accept that it wouldn't be able to impose the kinds of terms it had previously been able to impose.

The royalty rate aside, Apple was able to get what it had wanted - a direct licensing deal and a long-term chip supply agreement. Both of those things were important. Further, it's most likely that Apple didn't have to agree to a number of the onerous terms which it had previously had to agree to. So I'm not sure how this agreement can be seen as anything but a win for Apple.

That doesn't mean it was a loss for Qualcomm though. It's certainly a positive development for Qualcomm because Qualcomm was suffering quite a bit financially from the situation as it was. Any settlement that didn't amount to near complete capitulation (from Qualcomm) should have, I think, been considered a win for Qualcomm. (And I don't think this settlement amounts to a near complete capitulation for Qualcomm, though it surely gave considerable ground). It very much needed this dispute resolved. It's just that there's a new reality now for Qualcomm when it comes to how it can operate. That's in part due to the dispute with Apple (and other industry participants) and in part due to regulatory actions.
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They both won. We'll lose some 49$ extra to the next generation iPhone.

Are you suggesting that iPhone prices will go up as a result of the Qualcomm - Apple settlement?

If so, why would that happen? If Qualcomm's estimate is close to accurate, Apple will be paying less (per device) in royalties (to Qualcomm) than it would have been before it started withholding them and filed suit.