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Qualcomm, based in San Diego, is the world’s biggest mobile chip maker.
The expected iPhone 5G delay may be a reality. Qualcomm, which likely will supply the modems that power the newest crop of iPhones, on Wednesday warned of “the delay of a global 5G flagship phone launch.”The company said handset sales are expected to drop about 15% in the current period, its fiscal fourth quarter, because of the delay. While Qualcomm didn’t specify what phone it was discussing, it’s widely believed to be the upcoming iPhone. Apple is expected to introduce its first 5G iPhones this fall, but worries about coronavirus-related delays have plagued the company for months.
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Apple didn’t immediately respond to a request for comment. At the same time, Qualcomm said it and Huawei have settled their long-running patent spat, with the two companies signing a long-term, global patent license agreement. As part of the agreement, Qualcomm will record about $1.8 billion from Huawei in its September quarter, helping its stock soar 13% to $105 in after-hours trading. The US government has banned Huawei from buying Qualcomm chips and other …
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