Powered by

Qualcomm Earnings: Device Slowdown and A $4.7 Billion Apple War Scalp

May 02, 2019 - Marketline Newswire
Financial Results

Even though its revenue fell by five percent year-on-year to $5 billion, Qualcomm posted an encouraging second quarter with an earnings call that revealed a future $4.7 billion windfall after settling litigation with Apple.

In its second quarter results California-based mobile technology giant Qualcomm saw operating costs rise of 135 percent year-on-year to $900 million (£688), in large part as litigation costs stung the company. Analysts on an earnings call were keen to dig deeper i...