An almost-perfect proxy Last year, over 712 million smartphones were put into the hands of users across the globe. Of that 712 million, Apple Inc. (NASDAQ: AAPL ) accounted for nearly 136 million devices and Samsung accounted for roughly 206 million. Considering that both companies have a history of designing custom processors based on ARM Holdings plc (ADR) (NASDAQ: ARMH ) ' designs, it stands to reason that Intel wouldn't have an opportunity to win this business. That leaves about 356 million smartphones left to be Intel Corporation (NASDAQ: INTC )-powered — the other half of the addressable market. To better gauge this opportunity, QUALCOMM, Inc. (NASDAQ: QCOM ) gives us insight into what this could actually mean for Intel investors. Last year, QUALCOMM, Inc. (NASDAQ: QCOM ) shipped 616 million chips from its semiconductor division, allowing it to earn about $13.2 billion in revenue. These results imply an average selling price per chip of $21.39.