Steve Jobs, Apple's co-founder and CEO when he introduced the iPhone in January 2007, agreed to pay Qualcomm a $7.50 per phone licensing royalty fee in order to secure the modem chips he needed for Apple's smartphone. That information was disclosed during testimony heard today as the FTC v. Qualcomm non-jury trial continued. Back then, Apple was a new name in the industry and Jobs needed the chips  But what a difference 12 years makes. While on the stand today during the trial, Apple Chief Operating Officer Jeff Williams protested against Qualcomm's demand for this fee.

Even ...


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