Qualcomm gave a lackluster sales forecast for the current quarter Wednesday, citing weaker demand for smartphones in China.
Qualcomm Inc. gave a lackluster sales forecast for the current quarter Wednesday, citing weaker demand for smartphones in China. The disappointing outlook overshadowed the benefits of settling a prolonged legal dispute with Apple Inc. and sent the shares down in extended trading.
Mollenkopf had long insisted that the chipmaker’s legal troubles were just a commercial dispute that would be resolved when 5G services came along and focused the industry’s attention back on growth, and the settlement with Apple validates his view. Qualcomm’s fiscal third-quarter forecast includes revenue of $4.5 billion to $4.7 billion from the Apple payment and “the release of our obligations to pay or refund” the iPhone maker and its contractors as a result of the litigation, the company said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qualcomm stock slides after earnings, Apple settlement to add nearly $5 billionQualcomm Inc. shares fell Tuesday after the chip maker topped estimates for the quarter and included the settlement with Apple Inc. in its guidance.
Read more »
We just got our first look at the size of Apple's legal settlement with QualcommIt its quarterly earnings, Qualcomm said it would record $4.5-$4.7 billion revenue in the coming quarter as a result of its settlement with Apple.
Read more »
Qualcomm expects at least $4.5 billion from Apple settlementThe detail confirms that Apple paid a high price to end a legal battle between the two tech giants.
Read more »
Qualcomm current-quarter revenue forecast falls short, shares dropQualcomm Inc on Wednesday forecast current-quarter revenue largely below Wall St...
Read more »
Intel shares suffer steepest plunge in over three years after disappointing revenue forecastDespite reporting better-than-expected earnings, Intel's shares fell after it reported a weak revenue forecast for 2019. CEO Bob Swan discusses the company's latest earnings report.
Read more »
FireEye revenue, billings forecasts disappoint, shares fallCyber security company FireEye Inc on Tuesday forecast second-quarter revenue an...
Read more »
Economists downgrade GDP forecasts for South Korea after disappointing first-quarter dataThe Bank of Korea said on Thursday that the South Korean economy likely contracted by 0.3% on a quarterly basis for the January to March period this year.
Read more »
Intel shares on pace for biggest plunge since 2008 after disappointing revenue forecastShares of Intel plunged nearly 10% on Friday following the company's release of its first quarter earnings report last night in which it provided a weak revenue forecase.
Read more »
Apple deal doesn’t solve Qualcomm’s problemsTwo weeks ago, investors cheered when Qualcomm Inc. and Apple Inc. settled their mega-patent and royalty feud just as a trial was starting. Those investors...
Read more »
Qualcomm hangs on to most Apple gains after earnings reportQualcomm Inc shares fell about 3.5% on Wednesday as investors got their first lo...
Read more »