Breaking Down Qualcomm's Second-Quarter Earnings

The transcript discusses the contrasting reports on iPhone demand in China and Qualcomm's earnings, highlighting Qualcomm's challenges in the high-end handset market. It covers Apple's settlement payment to Qualcomm and the investor reactions to it. The discussion also touches on the broader semiconductor industry outlook, noting the divergence between rising stock prices and declining fundamentals.

What does the text suggest about the demand for iPhones in China?

What are the implications of the divergent performance between Apple and Qualcomm?

How did Qualcomm's third quarter earnings guidance compare to expectations?

What was the amount Apple is paying Qualcomm to settle their legal dispute?

What factors are affecting the semiconductor industry according to the text?