Asia and Global Semiconductor and Tech Research

Andrew Lu

Former Head of Asia ex-Japan Semiconductor and TFT-LCD/Touch Research at Barclays and Citi Bank, Former Head of Technology at 國金證券

Apple Misses on Guidance; Understood Now Why Apple Is Suing Qualcomm and Expanding In-House Design

What's New About IPhone 8? OLED I8 Shortage but Slower Demand on LCD I8 Likely

Qualcomm Fought Apple Back - Besiege Wei to Rescue Zhao

Endless Lawsuit Against Qualcomm; Apple Sued Qualcomm for US$1bn

Qualcomm - Will Non-Recurring Becoming Recurring Losses? Missed Due to Blackberry Arbitration Case

Qualcomm Has More Enemies than Friends; Tech Groups Urge Trump to Continue FTC Antitrust Suit

MediaTek Goes for TSMC Ex-CEO Dr. Rick Tsai as Co-CEO and Raises 1Q17 Earnings Forecast

Equity Bottom-Up

<h2>Summary</h2><ul>
<li>What's new? In less than ten days, Qualcomm cuts 2Q17 sales, and GAAP EPS guidance due to <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple</a> is withholding royalty payments to its contract manufacturers.</li>
<li>
What's the cut? Qualcomm cuts its 2Q17 sales guidance by nearly US$500mn or nearly 25-30% of quarterly royalty payments to US$4.8-5.6bn from US$5.3-6.1bn. Qualcomm also cuts its 2Q17 GAAP EPS guidance by nearly US$0.23 to US$0.52-0.62.
</li>
<li>
60% higher royalties for Apple? Assuming 55mn 3G/4G-enabled iPhone/iPADs shipped in 1Q and is…</li>
</ul>

Summary
What's new? In less than ten days, Qualcomm cuts 2Q17 sales, and GAAP EPS guidance due to Apple is withholding royalty payments to its contract manufacturers.

What's the cut? Qualcomm cuts its 2Q17 sales guidance by nearly US$500mn or nearly 25-30% of quarterly royalty payments to US$4.8-5.6bn from US$5.3-6.1bn. Qualcomm also cuts its 2Q17 GAAP EPS guidance by nearly US$0.23 to US$0.52-0.62.


60% higher royalties for Apple? Assuming 55mn 3G/4G-enabled iPhone/iPADs shipped in 1Q and is…


TCL Communication Technology Holdings  Ltd (2618/OLD HK)

TCL Communication Technology Holdings  Ltd

애플이 퀄컴에 로열티를 지불하는 것은 일회성일 뿐인가, 아니면 다른 회사들도 모두 애플을 따를 것인가?

Qualcomm Inc

애플이 퀄컴에 로열티를 지불하는 것은 일회성일 뿐인가, 아니면 다른 회사들도 모두 애플을 따를 것인가?