Qualcomm, Inc.'s Licensing Business Craters
Qualcomm (NASDAQ: QCOM) owns a whole body of patents that are essential to the operation of devices that utilize the 3G and 4G LTE wireless standards. Qualcomm licenses those patents to companies that want to build and sell devices that connect to 3G and 4G LTE networks, and it's generally paid a percentage of the selling price of each device.
But a little while back, Apple (NASDAQ: AAPL) stopped paying Qualcomm royalties for each iPhone sold.
Image source: Apple.
Source: Fool.com
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