- Reuters•12 minutes ago
Qualcomm, the largest maker of chips used in smartphones, also said the iPhone maker will withhold further payments until the ongoing legal dispute with Qualcomm is resolved. Apple sued Qualcomm in January accusing Qualcomm of overcharging for chips and refusing to pay some $1 billion in promised rebates. Shares of Qualcomm fell 4.3 percent to $50.91 in premarket trading, while shares of Apple were up marginally at $143.92.
- Barrons.com•12 minutes ago
Shares of wireless chip giant Qualcomm (QCOM) are down $2.21, or 4%, at $51, after the company this morning slashed half a billion dollars from its outlook for this quarter, saying Apple (AAPL) continues to interfere with payments the company is owed, and will continue to do so during the legal dispute between the two. Apple stock is up 13 cents at $143.92. "Qualcomm has been informed by Apple Inc. that Apple is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales during the quarter ended March 31, 2017,” said Qualcomm in a statement.
- The Wall Street Journal•13 minutes ago
Qualcomm slashed its profit forecast, saying it no longer expects any patent-licensing revenue from the iPhone in the current quarter as a result of its increasingly bitter legal battle with Apple.
AAPL: Summary for Apple Inc. - Yahoo Finance
Apple Inc. (AAPL)
NasdaqGS - NasdaqGS Delayed price. Currency in USD
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|Bid||143.83 x 600|
|Ask||143.90 x 100|
|Day's range||143.31 - 144.16|
|52-week range||89.47 - 145.46|
Trade prices are not sourced from all markets
|PE ratio (TTM)||17.26|
|Dividend & yield||2.28 (1.61%)|
|1y target est||N/A|