Many of you will know, but Apple entered into powerful litigation months ago with Qualcomm Because according to the Cupertino company, the expert firm in the manufacture of telecommunications processors and chips had been collecting certain royalties from Apple for years that did not belong to it, notoriously inflating the price to pay for using its technology.
It seems that this is the classic battle in which one of the two is necessarily going to be defeated, and Qualcomm has everything to lose. So much so that has just reported that its profits have fallen by 90%, a situation that puts Qualcomm against the sword and the wall.
The company's net income has also fallen according to its data by no more than 4,5 percent, and everything indicates that it is its litigation with the firm of the bitten apple that is costing it the displeasure. The expectations were revenues of 5.960 million, which have remained at 5.800, in the same way that profits have fallen 92%, when they were expected to fall approximately 80%. Above all, the problem worsens if we compare it with 2016In the same period, the company obtained a total of 6.200 billion dollars, in short, a disaster for investors.
This year has been the one produced precisely after the complaints by Apple that have led the company to a cross war even in the media that have not left Qualcomm in a good place precisely, especially considering that other large consumer electronics firms have the fly behind their ears and intend to ally with the Cupertino company in order to claim from Qualcomm what does not belong to him and seemed to have taken. I know how the competent courts have not yet ruled.