Breaking News

LG Display becomes world’s first to mass-produce 1-120Hz laptop panel ASRock Launches new 240Hz Gaming Monitors Arctic announces Senza AI 370 Under Desk PC for AI Applications CORSAIR Announces the Airflow-focused 3200D Mid Tower for Ambitious DIY PC Builds Silicon Power Launches Enterprise-Grade DDR5 RDIMM to Accelerate AI Workloads

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Qualcomm Slashes Profit Expectations As Apple Refuses To Pay Royalty Payments

Qualcomm Slashes Profit Expectations As Apple Refuses To Pay Royalty Payments

Enterprise & IT Apr 28,2017 0

Qualcomm slashed its profit expectations Friday by a third saying that Apple is refusing to pay royalties on technology used in the iPhone.

Apple sued Qualcomm earlier this year, saying that the San Diego chipmaker has abused its control over essential technology and charged excessive licensing fees. Qualcomm said Friday that Apple now says it won't pay any fees until the dispute is resolved.

Qualcomm said it will continue to vigorously defend itself in order to "receive fair value for our technological contributions to the industry."

Since Qualcomm said it will not receive royalties from Apple's contract manufacturers for sales during the quarter ended March 31, its forecast for the third fiscal quarter now excludes that revenue.

Qualcomm expects earnings per share between 75 and 85 cents for the April to June quarter. Its previous forecast was for earnings per share between 90 cents and $1.15.

Revenue is now expected to be between $4.8 billion and $5.6 billion, down from its previous forecast between $5.3 billion and $6.1 billion.

Tags: Qualcomm
Previous Post
Turkey Blocks Access To Wikipedia
Next Post
Kodi Clarifies DRM Stance, Shuts Down Rumors

Related Posts

  • Next Generation Snapdragon G Series Portfolio Uplevels Handheld Gaming Experiences

  • Arm to Scrap Qualcomm Chip Design License

  • Qualcomm Unveils Snapdragon 8 Elite with the World’s Fastest Mobile CPU

  • MSI Showcases Roamii WiFi 7 Mesh System at COMPUTEX 2024

  • Qualcomm Computex 2024

  • Snapdragon X Series is the Exclusive Platform to Power the Next Generation of Windows PCs with Copilot+ Today

  • Qualcomm Introduces Snapdragon X Plus Platform

  • Qualcomm Introduces Two Next Generation S3 Gen 3 & S5 Gen 3 Sound Platforms

Latest News

LG Display becomes world’s first to mass-produce 1-120Hz laptop panel
Enterprise & IT

LG Display becomes world’s first to mass-produce 1-120Hz laptop panel

ASRock Launches new 240Hz Gaming Monitors
Gaming

ASRock Launches new 240Hz Gaming Monitors

Arctic announces Senza AI 370 Under Desk PC for AI Applications
Consumer Electronics

Arctic announces Senza AI 370 Under Desk PC for AI Applications

CORSAIR Announces the Airflow-focused 3200D Mid Tower for Ambitious DIY PC Builds
Cooling Systems

CORSAIR Announces the Airflow-focused 3200D Mid Tower for Ambitious DIY PC Builds

Silicon Power Launches Enterprise-Grade DDR5 RDIMM to Accelerate AI Workloads
Enterprise & IT

Silicon Power Launches Enterprise-Grade DDR5 RDIMM to Accelerate AI Workloads

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Arctic Liquid Freezer III 360 Pro Argb

Arctic Liquid Freezer III 360 Pro Argb

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed