Apple settled their long standing patent dispute with Qualcomm… for at least a whopping $4.5 billion (that’s $4,500,000,000).
Because of 5G.
Here’s the story:
Apple has been exclusively buying Intel’s modems (due to its fight with Qualcomm).
But they saw the writing on the wall.
And they determined Intel modems wouldn’t be ready in time for a 5G iPhone.
So they decided to pony up billions… and make up with Qualcomm.
Because Qualcomm’s 5G technology is WAY ahead of the others. (Side note: more than 18 manufacturers have already committed to launching 5G handsets with Qualcomm modems. They also recently announced the industry’s first System-on-Chip (SoC) 5G integrated mobile platform. What does this mean? Qualcomm is far and away the industry leader)
Do you know what happened right after the Apple / Qualcomm dispute was settled?
Intel dropped out of the 5G race. Just hours after the settlement.
Intel knew they couldn’t compete.
Here’s the article:
Intel says it will exit the 5G phone business
Now, I mentioned a great angel investor a minute ago.
Do you know where he used to work?
At Qualcomm’s Japanese division…
I can’t wait to finish my write up and share it with you tomorrow.