patent-licensing

Qualcomm Cuts Q3 Forecast as Apple Stops Paying Royalties

Qualcomm has sharply cut its Q3 profit forecast, saying it no longer expects any patent-licensing revenue from the iPhone in the current quarter as a result of its increasingly bitter legal battle with Apple. Notably, Apple doesn't pay Qualcomm royalty payments directly; rather, it pays contract manufacturers who then pay Qualcomm. According to a report...