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Wireless

Qualcomm sees growth slowing on China problems

Thursday 6 November 2014 | 08:15 CET | News
Qualcomm has warned for flat to lower earnings in its new fiscal year, as revenue growth slows due its licensing problems in China. In addition to an investigation into its licensing by Chinese authorities, the company said a number of licensees were under-reporting units or not agreeing new contracts pending the state probe. Qualcomm also disclosed new competition investigations by the European Commission and US Federal Trade Commission. For the year to September 2015, Qualcomm forecast revenues flat to 9 percent higher, versus 7 percent growth last year, while EPS is estimated flat to 7

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Categories: Mobile & Wireless
Companies: CSR / Qualcomm
Countries: World
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