U.S. Securities and Exchange Commission has Requested Qualcomm provide more info on Dispute with Apple
Today Reuters is reporting that "Qualcomm disclosed further details about the impact of an ongoing dispute with Apple, responding to questions from the U.S. Securities and Exchange Commission. Qualcomm, the largest maker of chips used in smartphones, said revenue in its CDMA technology business from modem sales for iPhones may continue to decline, in part depending on the extent of Apple's utilization of rivals' modems and the mix of the various versions that are sold. Qualcomm said it would give further details on the impact of Apple's dual-sourcing model on product revenue, licensing revenue and profitability in its upcoming quarterly filing." The SEC may be concerned over the impact the Qualcomm-Apple could have on the stock market longer term.
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