real-time news and commentary for investors
Tuesday, Mar 5
In a negative for Qualcomm (QCOM), Verizon (VZ) CFO Fran Shammo says his company is looking to...
In a negative for Qualcomm (QCOM), Verizon (VZ) CFO Fran Shammo says his company is looking to sell 4G-only phones by late 2014. The 3.25% royalty rate Qualcomm receives for 4G-only devices is lower than the 4%-5% rates it often gets for 3G-capable devices. Shammo also notes the free (with contract) iPhone 4 (AAPL) accounted for many of its Q4 activations, and hopes competition will lower subsidies - the latest iPhones often get a ~$450 subsidy. Competition between Android OEMs could give Verizon more leverage with Samsung than Apple. (Verizon/Vodafone)