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Qualcomm warns of Apple impact as Q2 hit by Blackberry deal

Thursday 20 April 2017 | 08:42 CET | News
Qualcomm reported results for its fiscal second quarter to March lower than expected due to its arbitration settlement with BlackBerry. Revenues fell 10 percent year-on-year to USD 5.0 billion, and net profit was down 36 percent to USD 0.7 billion. Excluding the USD 815 million settlement, revenue rose 8 percent annually and was stable versus the previous quarter, and EPS increased 29 percent to USD 1.34. Qualcomm gave a broad outlook for fiscal Q3 due to uncertainty about its relationship with Apple and its contractors.

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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