The Business Times
SUBSCRIBERS

Qualcomm's forecasts show struggle for licence deals in China

Published Thu, Nov 5, 2015 · 09:50 PM

San Francisco

QUALCOMM Inc's forecast for quarterly sales and profit fell short of some analysts' estimates, underscoring the chipmaker's struggle to collect technology-licensing fees for smartphones sold in China.

The company said it's facing tough negotiating tactics at phone makers in the world's most populous nation, as some companies there withhold payments and stop reporting shipments in an attempt to secure better terms. That led to the weaker outlook for the company's licensing business, its most profitable, sending shares down as much as 6.7 per cent in extended trading.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Technology

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here