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Apple demanded $1 billion from Qualcomm for chance to win iPhone

Apple Inc asked for $1 billion as an "incentive payment" from Qualcomm Inc in order for Qualcomm to become the supplier of modem chips for Apple's iPhone, Qualcomm's chief executive testified on Friday at a trial with U.S. antitrust regulators. [Source]

Publication Date:

Origin: reuters.com

Category: businessNews

Topics: qualcomm, iphone, apple, billion, payment

Source Link: http://feeds.reuters.com/~r/reuters/businessNews/~3/gKcxGkwxi7U/apple-demanded-1-billion-from-qualcomm-for-chance-to-win-iphone-idUSKCN1P600H

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