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

Reuters 

(Reuters) - asked for $1 billion as an "incentive payment" from in order for Qualcomm to become the supplier of for Apple's iPhone, Qualcomm's testified on Friday at a trial with U.S. antitrust regulators.

The $1 billion payment as part of a 2011 deal between Apple and Qualcomm was meant to ease the technical costs of swapping out the iPhone's with Qualcomm's.

But Qualcomm testified at a trial with the that the hefty payment was part of why Qualcomm sought to become the sole supplier of Apple's

(Reporting by Stephen Nellis; Editing by Sandra Maler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 12 2019. 06:18 IST
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