Qualcomm Inc's quarterly revenue fell 18.7 percent as demand for its chips for mobile devices declined amid stiff competition from Chinese and Taiwanese rivals.
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The net income attributable to Qualcomm fell to $1.50 billion, or 99 cents per share, in the first quarter ended Dec. 27 from $1.97 billion, or $1.17 per share, a year earlier. (http://1.usa.gov/1OQ64UT)
Qualcomm, which decided against splitting its slowing chips unit from its fast-growing technology licensing business in December, said total revenue fell to $5.78 billion from $7.10 billion.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)