QUALCOMM CHEAP PHONE WARNING OMINOUS FOR APPLE, BLACKBERRY, NOKIA $QCOM $AAPL $BBRY $NOK $GOOG
On Wednesday after the markets closed, Qualcomm QCOM reported earnings. Buried in Qualcomm’s results is bad news for Apple AAPL, BlackBerry and Nokia .
Qualcomm owns intellectual property related to code division multiple access (CDMA). This technology is behind many of today’s wireless networks. Qualcomm also provides chip sets for mobile devices. Since Qualcomm licenses the technology or provides the guts of a wide base of wireless devices and networks, there are serious implications for smartphone manufacturers in Qualcomm’s results.
Revenue came at $6.12 billion, up 23.95% year over year. From licensing alone, Qualcomm generated $2.16 billion in revenues up 19% year over year. … Please click here or the title below to read more.