Apple Row Leaves Worm in Qualcomm Earnings – but 5G a Bright Spot


A vitriolic legal battle with Apple had a stark impact on chip maker Qualcomm’s results in 2018, its Q4 earnings showed late Wednesday, with net income tumbling 15 percent for the year versus 2017.

San Diego-headquartered semiconductor and telecommunications equipment maker Qualcomm claims Apple owes it $7 billion in royalties, after the latter stopped paying it iPhone royalties in 2017: litigation continues.

Fiscal Q1 guidance from Qualcomm “reflects lower Apple legacy shipments and zero share in the current flagship launch, lower demand from our China-based customers, the impact of a one-time estimated tax benefit [and] increased litigation expenses

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