Qualcomm shares fall as licensing business forecasts disappoints
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Qualcomm shares dropped over 3% in Frankfurt due to a disappointing forecast for its patent licensing business, despite a positive outlook for sales and profits.
February 06, 2025 | 7:45 am
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Qualcomm's shares fell over 3% in Frankfurt due to a disappointing forecast for its patent licensing business, despite a positive outlook for sales and profits.
The decline in Qualcomm's stock price is attributed to the disappointing forecast for its patent licensing business, which is a significant part of its revenue. This negative sentiment overshadowed the positive outlook for sales and profits, leading to a short-term negative impact on the stock price.
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