David Rosenthal: belief

Transcript context

…They do, which makes teasing some of this apart very confusing, because they've just slapped the Snapdragon label on so much that you're like, wait, but that's just an RF antenna. How come it says Snapdragon? And they're like, yeah, faked you out. That's the whole point of calling everything Snapdragon. I guess to be fair, the silicon engineering and the chip design, even for like, oh, just an RF antenna, that is a million times more complex than any processor in a phone 10 years ago. It is truly differentiated work that they're doing. That was obviously a huge win. To the point, I think today, Qualcomm makes on average about $20 for every smartphone sold in the world, including Apple iPhones. Yes. Let's get into that. I've got the timeline from here. Going to 2009, this is when all the litigation really starts to happen. People flipped from Qualcomm, we think really highly of you and you're a pioneer of technology and true inventors, which they are. They still spend a ton of the company's revenue and reinvest that into R&D. But where they really start to be known by their customers, the media, and the ecosystem as value capture pioneers.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.