Wall Street Might Still Be Underestimating The Impact Of Qualcomm’s Spat With Apple
Two months after QUALCOMM, Inc. QCOM 1.03% lowered its fiscal third-quarter revenue guidance by $500 million, Wall Street may still have its expectations too high. In April, Qualcomm lowered its guidance after iPhone partner Apple Inc. AAPL 0.86% informed Qualcomm it would be withholding royalty payments until the two companies’ five-year licensing dispute is resolved.