Apple Demanded $1 Billion for Chance to Win iPhone: Qualcomm CEO

(From Reuters)

Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on not to block rivals from the market, Qualcomm’s chief executive testified on Friday.

The payment from Qualcomm to Apple – part of a 2011 deal between Apple and Qualcomm – was meant to ease the technical costs of swapping out the iPhone’s then-current Infineon chip with Qualcomm’s, CEO Steve Mollenkopf testified at a trial with the U.S. Federal Trade Commission.

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