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00:00So let's talk about Apple for a long time. This was your biggest customer and now they're your biggest nemesis. How would you describe your relationship status with Apple today . We have a dispute over the price of IP. We think that's moving now into a period of time where our strategy is unfolding and the environment is is such that I think you're you're in a position where a deal could get done at the same time. I think there's probably no better opportunity and partner for Qualcomm than to work with Apple. It makes sense that the technology leader in mobile should be partnered with the product leader in mobile and it tends those 10 things tend to work out. But the way we think about the business is eventually you get the disputes figured out and you move on into a different period . So you believe Apple will remain a customer. I think so I mean if you if you look I always believe that if you have leadership technology that your roadmap will eventually dominate the business relationship between companies and I think that there's no reason why that shouldn't be the case here. That said you are taking on the world's most valuable company. They've stopped putting your chips in their phones. They say the patents that they're paying you for are invalid. How does something so bitter get resolved favorably for Qualcomm. Well I think I think bitter is maybe the wrong term. I mean we've had disputes with licensees in the past as well over the price of IP . It's really no different than that here. It's just bigger companies. And remember we're both big companies. They're obviously a very large company but we're not a small company really in terms of being able to execute the strategy that we have. But those things will get resolved. I mean I think sometimes they get resolved on the courtroom steps sometimes they don't. We don't know which way it's going to go here but the strategy is playing forward kind of the way that we always thought .

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Qualcomm CEO Mollenkopf Sees Chance of Apple Settlement This Year

Qualcomm CEO Steve Mollenkopf speaks to Bloomberg's Emily Chang on the set of Bloomberg's Studio 1.0 about Qualcomm's IP dispute and partnership with Apple. (Source: Bloomberg)

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