Tech giants’ profits hit by exceptional circumstances

Qualcomm’s numbers took a hit from its dispute with Apple, while Facebook says investing in security to prevent abuse will impact profits.
The ongoing aggro between Qualcomm and Apple was bound to feature prominently in the former’s earnings announcement. The analyst call was dominated by the issue as the equity world tried to get a better sense of how the matter was going to play out, not only with Apple but with Qualcomm’s entire licensing business model.
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