Bloomberg says:
Qualcomm Inc., the world’s biggest maker of handset chips, is in talks to supply products for use in Apple Inc.’s iPhone, Chief Executive Officer Paul Jacobs said. “We continue to discuss it, but haven’t made it yet,” Jacobs said in a Bloomberg Television interview in Hong Kong today. “Hopefully, in the future, we will have the opportunity.”
We don't know about you, but this has Verizon Worldmode written all over it to us.
We're pretty sure Apple doesn't need any of those new ARM Snapdragon chips that Qualcomm sells to phone manufacturers and it isn't like Qualcomm makes Flash. What else could it be?