Ben Gilbert: prediction

Transcript context

…You're accessing so many different windows of spectrum so far across the spectrum bands that like, yeah, oh, man. Think back to the original Hedy Lamarr and frequency hopping, it was all within one band. Now we're talking about a crazy number of bands. Going back to the Apple lawsuit, Apple sort of realizing, we're screwed here if we don't have Qualcomm as our customer. They settled with Qualcomm, and this is in 2019. Apple says, we will continue using Qualcomm's radios for now. I think they negotiated some discount to the exorbitant fees that they were having to pay Qualcomm. Apple also paid $4 billion—now switching over the licensing side of the house—to secure the patent licenses over the next 6 years. I think $4.5 billion for a six-year deal. It's actually unclear who really wins here. I think Qualcomm wins in the short term because Apple's backup solution of Intel's modem fell entirely behind. But in the long term, what ended up happening is Apple actually bought that division away from Intel. They've been developing their own cellular modems in-house. I don't know if it was a slip of the tongue or an intentional thing, but we know from the most recent Qualcomm earnings call a week ago that the next version of the iPhone that comes out in November of 2023 will continue to use Qualcomm's chips. Even though Apple has been working on their own [...] ever. Because they're trying to do the P.A. Semi on the modem.…

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