Qualcomm reported quarterly earnings that beat analysts' expectations, even as its sales and profit fell sharply from a year ago. However, Qualcomm's expectations for its current quarter fell below analysts' forecasts, as the chipset giant is facing headwinds in negotiating new patent licensing deals with Chinese smartphone makers.
Ericsson is suing Apple in Germany, the UK and the Netherlands, arguing Apple owes it patent royalties for using Ericsson's wireless technologies in the iPhone and iPad. The move represents an expansion of the companies' existing legal squabble.
Ericsson is escalating its legal battle with Apple over patent royalties Ericsson believes Apple owes it for using its wireless technologies in the iPhone and iPad.
Qualcomm is facing new pressure from regulators after South Korea's antitrust regulator said it is considering investigating whether the chipset giant misused its dominant market position in the country. The probe comes just days after Qualcomm announced a settlement with China's National Development and Reform Commission, in which the company agreed to pay a $975 million fine and change its licensing and royalty practices.
Microsoft and Samsung Electronics agreed to settle a dispute over how much money Samsung would pay to Microsoft to license the software giant's patents that Samsung uses in its Android smartphones and tablets. Financial terms of the settlement were not disclosed.
Qualcomm announced a "resolution" with China's National Development and Reform Commission, which has been investigating Qualcomm's patent-licensing business in the country. Under the agreement, Qualcomm will pay a $975 million fine and will modify some of its business and licensing practices. The company also updated its revenue and earnings expectations due to the resolution.
Xiaomi posted $56.1 million (347.5 million yuan) in net profit last year, according to a regulatory filing. The filing provides a glimpse inside the finances of privately owned Chinese smartphone vendor Xiaomi, which has rocketed up the rankings to become one of the world's top smartphone brands in the past few quarters.
Although Chinese-based smartphone makers Xiaomi and OnePlus have garnered attention and market share this year as sales of their low-cost models have thrived, the companies face obstacles to expanding globally, including patent litigation and a lack of brand awareness among Western consumers.
Google has settled patent litigation with a consortium of companies backed by Apple, Microsoft and other tech giants, according to a court filing. Financial terms of the settlement were not disclosed.
Samsung Electronics said Microsoft's April purchase of Nokia's devices and services business breached a 2011 business collaboration agreement between Samsung and Microsoft. Under that deal Samsung paid $1 billion in patent royalties to Microsoft in 2013, and Samsung is now arguing in court that the Microsoft/Nokia deal invalidates the agreement because Microsoft became a direct competitor with Samsung in the smartphone market.