In January 2017, the Federal Trade Commission and Apple sued Qualcomm in connection with its alleged efforts to monopolize the market for baseband processors, a type of chip used in cellphones. Qualcomm largely won those battles, with the Apple lawsuits ending in settlements and regulators’ actions largely being overturned, but in a court filing on Tuesday, Qualcomm said it would agree to pay $75 million to settle a lawsuit brought by shareholders, who claim that the company misled them about how its business practices worked and artificially inflated its stock price as a result. Reuters: ‎ Qualcomm and six individual defendants, including former chief executives Paul Jacobs and Steven Mollenkopf, denied wrongdoing in agreeing to settle. Shareholders accused Qualcomm of…

Justin Long returns in yet another weak spoof of the classic "I'm a Mac" ad campaign that ended 14 years ago, this time for Qualcomm. (via Cult of Mac - Apple news, rumors, reviews and how-tos)

Justin Long, the face of Apple's iconic "I'm a Mac" commercials, now stars in a short Qualcomm skit promoting Snapdragon-powered PCs. At the Computex 2024 keynote, Qualcomm unveiled the new skit featuring Long, who is well-known for his role in Apple's "Get a Mac" commercials nearly two decades ago. Long is depicted as being overwhelmed by a barrage of notifications about app compatibility, low disk space, and battery issues in macOS, prompting him to search for an alternative in the form of a Windows on ARM PC. The ad concludes with Long stating, "Things change," a sentiment echoed by Qualcomm CEO Cristiano Amon during the event's closing remarks. Qualcomm's Snapdragon X Elite chips debut in new Copilot Plus PCs on…

Qualcomm gives better-than-expected revenue forecast onThursday as the company highlighted strong demand for “premium tier” or “AI-powered” smartphones that require the most advanced chips. Kif Leswing for CNBC: ‎ Here’s how it did versus LSEG consensus estimates for the quarter ended March 24: • Earnings per share: $2.44 adjusted vs. $2.32 expected • Revenue: $9.39 billion adjusted vs. $9.34 billion expected Net income during the quarter was $2.33 billion, or $2.06 per share, versus $1.7 billion, or $1.52 per share, in the year-earlier period. Qualcomm said it expected between $8.8 billion and $9.6 billion in sales in the current quarter, higher than Wall Street expectations of $9.05 billion. Qualcomm said on the earnings call that it expected overall handset revenues to decline…

Microsoft will advertise that its upcoming Windows laptops with Qualcomm's Snapdragon X Elite processor are faster than the MacBook Air with Apple's latest M3 chip, according to internal documents obtained by The Verge. "Microsoft is so confident in these new Qualcomm chips that it's planning a number of demos that will show how these processors will be faster than an M3 MacBook Air for CPU tasks, AI acceleration, and even app emulation," the report says. Microsoft believes its laptops will offer "faster app emulation" than Apple's Rosetta 2. Introduced in October, the Snapdragon X Elite has Arm-based architecture like Apple silicon. Qualcomm last year claimed that the processor achieved 21% faster multi-core CPU performance than the M3 chip, based on…

Apple will use Qualcomm modem inside iPhones until March 2027, as the deal between the two companies has been extended by almost two years. (via Cult of Mac - Apple news, reviews and how-tos)