Qualcomm fined $975M, agrees to lower royalties in China

US chipmaker Qualcomm has been fined CNY6.088 billion (about $975 million) by China’s antitrust regulator and has agreed to modify its licensing practices and reduce royalties to satisfy the government’s anti-competitive ruling. The company, which made about $7.57 billion last …

The post Qualcomm fined $975M, agrees to lower royalties in China appeared first on Mobile World Live.

Xiaomi’s profitability called into question

Chinese smartphone maker Xiaomi isn’t nearly as profitable as previously estimated. A regulatory filing yesterday in China showed the privately-held company had a net profit last year of just CNY347 million ($56 million) – ten times less than media expectations. …

The post Xiaomi’s profitability called into question appeared first on Mobile World Live.

Qualcomm keeps expectations in check; reveals 5G push — report

Qualcomm CEO Steve Mollenkopf (pictured) warned investors that the company expects revenue over the next five years to slow as the mobile chipset vendor deals with a number of challenges. Speaking at the company’s annual analyst day in New York, Mollenkopf …

The post Qualcomm keeps expectations in check; reveals 5G push — report appeared first on Mobile World Live.