1 Piece of Good News for Qualcomm, Inc.
Qualcomm's (NASDAQ: QCOM) chip business performed well last quarter; revenue grew modestly year-over-year as profitability surged. Unfortunately, that bit of good news was overshadowed by a disastrous result in the company's licensing business, due to legal disputes with Apple (NASDAQ: AAPL) and another undisclosed customer.
While the following piece of good news hardly makes up for the uncertainty around Qualcomm's licensing business, any bit of good news should be welcome to Qualcomm stockholders.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€199.58
2.250%
Our community is currently high on Apple Inc. with 137 Buy predictions and 13 Sell predictions.
As a result the target price of 210 € shows a slightly positive potential of 5.22% compared to the current price of 199.58 € for Apple Inc..
