Friday, April 28, 2017

Qualcomm Expects Hit In Earnings From Issues With Apple

San Diego-based Qualcomm says that Apple is continuing to "improperly interfere" with its business, saying that Apple has been withholding payments to its contract manufacturers for royalties those manufacturers owe to Qualcomm, and has indicated that it will continue to do so until it resolves its dispute with Qualcomm. As a result of that action, Qualcomm revised its Q3 FY17 Estimates down from an earlier $5.3 billion to $6.1 billion in revenues, to a new estimate of $4.8 billion to $5.6 billion in revenues.