Apple Cuts Off Payments to Qualcomm

The transcript discusses the ongoing legal and financial dispute between Apple and Qualcomm over royalty payments for chip technology. Apple challenges Qualcomm's practice of charging royalties on the full price of phones, even when Qualcomm chips are not used. This dispute has significant financial implications for Qualcomm, potentially reducing their earnings by over 30%. The situation is complicated by legal proceedings that could last for years. Despite the negative headlines, Qualcomm's share price has not been severely impacted, as the market had anticipated such scenarios.

What impact could the ongoing legal wrangling have on Qualcomm's licensing revenue?

What has been the market reaction to Qualcomm's share price amidst the ongoing dispute?