Qualcomm reports profits up 165%, strong revenues... and its stock price dives. What's a chip biz to do?

Qualcomm suffered an after-hours share drop on Wednesday after missing Wall Street's sales expectations, albeit not by much. Analysts had hoped for more from Qualcomm’s fiscal Q1 2021 figures, published earlier in the day, in large part because mobile hardware rival Huawei has been hampered by the Trump Administration on US …

[DS999]

Apple doesn't license the software?

The cellular baseband software is quite a bit harder to handle than the cellular chip itself, if Apple is running their own baseband on Qualcomm's modems that means they probably aren't too far away from introducing their own modems. No wonder Qualcomm investors are nervous.

[Anonymous Coward]

"net income rose 165 per cent over the year to $2.46bn"

"Net income just 2.46 billions??? Oh my god, didn't meet expectations, let's sell shares, and buy those share from an IPO of a company that never posted a profit, and is burning through VC money. or why not GameStop, they're are hot, aren't they?". These people need to be sent into space, ASAP...