UPDATE 1-Apple demanded $1 billion for chance to win iPhone – Qualcomm CEO (Reuters: Company News)

Reuters: Company News
UPDATE 1-Apple demanded $1 billion for chance to win iPhone – Qualcomm CEO – Qualcomm sought to become the sole supplier of modem chips for Apples iPhone to recoup a $1-billion incentive payment that Apple insisted on, not to block rivals from the market, Qualcomms chief executive testified on Friday. …