Qualcomm reports Q2 revenue of $4.98B, down 4.6% YoY, profit of $663M, up from $330M YoY, but lackluster Q3 guidance due to weak demand for smartphones in China (Ian King/Bloomberg)

Ian King / Bloomberg:
Qualcomm reports Q2 revenue of $4.98B, down 4.6% YoY, profit of $663M, up from $330M YoY, but lackluster Q3 guidance due to weak demand for smartphones in China  —  - CEO points to ongoing soft demand in biggest market for phones  — Apple licensing terms will be ‘consistent’ with program

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