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.

from Reuters: Company News https://reut.rs/2D3Trah
via IFTTT