Over the past couple of weeks, Apple executives testifying in court have revealed multiple details about the company’s past relationship with Qualcomm. But as revealed by a new Bloomberg report, one very interesting admission was made last Friday by the Cupertino giant.

As previously revealed, Apple and Qualcomm proceeded to renegotiate the terms of their modem contract in 2013 after working together for the previous two years. At the time, Qualcomm wanted to hike royalty prices for each device. However, in exchange for a two-year exclusivity agreement, the company agreed to lower the royalty ...