This year has not started off pleasantly for Qualcomm and its second quarter report shows that the company is prepared for further struggles. Whether from losing Samsung as a customer or being slammed with regulatory fines (or both), Qualcomm has been damaged in 2015. Despite seeing increased revenue over last quarter and the same time last year, the company’s net income nosedived by nearly 50%.
With its struggles being quite evident, Qualcomm has lowered its expectations going into the second half of 2015. The expected revenue for the year has gone down by about $1 billion to $25-$27 billion. That amount of revenue still seems quite large but consider how much will translate to net income.
Source: Qualcomm (PDF)
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