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On the heels of all the legal wrangling going on between Apple and Qualcomm, we get to see Qualcomm profits fall 40% in Q3.
San Diego-based Qualcomm Wednesday reported $866 million in net income, or 58 cents per diluted share, in the third quarter of its fiscal year, compared to $1.4 billion, or 97 cents per diluted share, in the same period last year.
The results for the quarter ended June 25 represented a 40 percent drop. However, the performance was an improvement over the second quarter, in which net income was roughly $700 million, or 50 cents per diluted share.
San Diego-based Qualcomm Wednesday reported $866 million in net income, or 58 cents per diluted share, in the third quarter of its fiscal year, compared to $1.4 billion, or 97 cents per diluted share, in the same period last year.
The results for the quarter ended June 25 represented a 40 percent drop. However, the performance was an improvement over the second quarter, in which net income was roughly $700 million, or 50 cents per diluted share.