Just Plain Mean
- May 18, 1997
The EU has slapped Qualcomm with a $1.2B fine for colluding with Apple in order to cut out chip competitors. EU Commissioner for Competition Margrethe Vestager said that Qualcomm paid "billions of dollars" to Apple. Some of this in the form of lowered prices and some through "rebates." She claims to have documentation showing Apple considering Intel products, but not until the end of the "rebate" Qualcomm agreement. Sadly, there is little documentation shared by Bloomberg.
“This meant that no rival could effectively challenge Qualcomm in this market, no matter how good their products were," Vestager said. "We’re talking about one of the biggest and most important customers in this market."