EU Fines Qualcomm $1.2 Billion … But What About Apple? (Premium)

EU Fines Qualcomm $1.2 Billion ... But What About Apple?

The European Union has fined Qualcomm $1.2 billion for colluding with Apple. So why wasn't Apple fined as well?

"Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance," EU Commissioner Margrethe Vestager said. "Qualcomm paid billions of US dollars to a key customer, Apple, so that it 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."

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