Qualcomm has substantially cut both revenue and profit forecasts as it revealed that Apple has ceased all royalty payments to the company pending the outcome of lawsuits between the two companies.
Qualcomm’s general counsel Don Rosenberg described the move as a ‘global attack’ by Apple, seemingly referring to the fact that Apple suppliers are already withholding royalty payments
While Apple has acknowledged that payment is owed for the use of Qualcomm’s valuable intellectual property, it nevertheless continues to interfere with our contracts. Apple has now unilaterally declared the contract terms unacceptable; the same terms that have applied to iPhones and cellular-enabled iPads for a decade. Qualcomm
