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Wireless

Qualcomm quarterly profit falls 44%

Thursday 5 November 2015 | 00:05 CET | News
Qualcomm reported a sharp fall in results for its fiscal fourth quarter to September, hurt by a slowdown in China sales after forced changes to its licensing practices there. Revenues declined 18 percent year-on-year to USD 5.5 billion. This was towards the high end of its outlook, as MSM shipments came in stronger than expected, helping offset the delays to agreeing new licences in China. Net profit dropped 44 percent to USD 1.1 billion, and EPS declined 40 percent to USD 0.67, also in line with the chipmaker's forecast. The result included USD 190 million in restructuring charges for the

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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