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Qualcomm shows how important Apple's business is to the chip maker

Last month, just as Apple and Qualcomm were into the opening statements of their billion-dollar trial in San Diego, surprising news was released. Behind the scenes, Apple and Qualcomm had been negotiating a settlement and both companies finally shook hands on a deal. Apple paid the chip maker an undisclosed amount of money (now believed to be $4.5-$4.7 billion based on Qualcomm's latest earnings report); in return, Apple received a 6-year licensing agreement (with a two-year option) and a multi-year chip supply deal.

It was no secret that Apple was getting desperate ...

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