Qualcomm Says Apple To Stop Paying Royalties

Apple has decided to withhold royalty payments to its contract manufacturers that are owed to Qualcomm, until a legal dispute between the companies is resolved, the chipmaker said on Friday. From a report: Qualcomm, the largest maker of chips used in smartphones, said it will not receive royalties from Apple’s contract manufacturers for sales made during the quarter ended March 31. San Diego, California-based Qualcomm also slashed its profit and revenue forecasts for the current quarter, to account for the lost royalty revenue.


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