Qualcomm to appeal $1.23 billion fine
 

Anti-trust

The European Commission announced that it would be fining Qualcomm $1.23 billion, for abusing its market position between 2011 and 2016, related to its relationship with Apple.



The figure works out to 4.9 percent of Qualcomm’s revenues in 2017. (And the 4.9 percent take was worked out based on the five+ year period of violation.)

Competition Commissioner Margrethe Vestage said that Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance. Qualcomm paid billions of dollars so that Apple would not buy from rivals. These payments were not just reductions in price — they were made on the condition that Apple would exclusively use Qualcomm’s baseband chipsets in all its iPhones and iPads.

http://fudzilla.com/news/processors/...3-billion-fine