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Fly News Breaks for January 23, 2017
QCOM
Jan 23, 2017 | 07:53 EDT
JPMorgan analyst Rod Hall believes Apple's (AAPL) lawsuit could have a "severe" impact on the earnings of Qualcomm (QCOM). The analyst estimates that Qualcomm's 2017 earnings could be impacted by 32.5% should Apple stop paying royalties until the patent case is resolved. The tone of Apple's complaints align very closely with the Federal Trade Commission complaints from last week, Hall tells investors in a research note.