Qualcomm Inc slashed its current-quarter profit and revenue forecasts on Friday, amid an escalating legal battle between the chipmaker and Apple Inc. - From Reuters
Qualcomm, the largest maker of chips used in smartphones, is a major supplier to Apple and Samsung Electronics Co Ltd for modem chips that connect phones to wireless networks.
The two companies together accounted for 40 percent of Qualcomm's revenue in its latest fiscal year.
TOKYO Sony Corp on Friday said it expects annual profit to surge 73 percent, closing in on a two decade-old record, as its cash-cow image sensor business recovers from quake damage just as smartphone makers start loading handsets with more sensors.
Reuters is the news and media division of Thomson Reuters.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.