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San Diego, CA (APA / AP) – Qualcomm chip company lost a billion dollars after the failure of competitor NXP 's acquisition in the red. During the past quarter, a loss of $ 500 million (437.52 million euros) was announced by the California company after the close of the US market on Wednesday.
Qualcomm had reserved the agreed $ 2 billion payment to NXP for the cancellation of the transaction during the quarter. After months of extensions, the takeover failed because of opposition from Chinese competition authorities. In the same quarter of last year, Qualcomm made a profit of $ 200 million.
Qualcomm continues to suffer a stalemate with Apple. The group is based on two main pillars: the production of chips, especially for smartphones, and a very active activity with licenses for technologies patented by Qualcomm. The chip division has significantly more sales, the licensing sector is significantly more profitable. Due to the conflict with Apple Qualcomm, but since mid-2017, no license payment of the iPhone more pavers. Apple accuses Qualcomm of having collected unfair and excessive fees, said the information-processing company with patent infringement allegations.
In the fourth quarter ended September, the business revenue from Qualcomm's licensing business declined 6% year-over-year to $ 1.14 billion, and earnings before taxes of 11% to 739 million USD.
In the chip division, sales stagnated at $ 4.65 billion, while pre-tax earnings declined 18 percent to $ 796 million. Consolidated sales decreased 2% to $ 5.8 billion. The action Qualcomm has temporarily lost about 3.50% of transactions after office hours.
~ WEB https://www.qualcomm.com/ ~ APA633 2018-11-07 / 23: 14
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