Apple's $1 Billion Baseband Deal
Qualcomm’s CEO testifies in antitrust case
January 14, 2019
SAN JOSE, Calif. — Qualcomm paid Apple $1 billion in a three-year deal in 2011 to win its cellular modem business. Qualcomm CEO Steve Mollenkopf noted the eye-popping figure in testimony late Friday in an antitrust case the U.S. Federal Trade Commission brought against the company.
The figure was one of just two bombshell numbers from the day’s testimony. Earlier in the day, the head of procurement at Apple described the deal as an effort to get Qualcomm handset royalties below $10 per iPhone.
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