Leading wireless technology developer Qualcomm posted strong results for fiscal Q1 2016 on January 27th. (Fiscal years end with September.) Catch up payments from its licensees in China, higher device average selling price (ASPs) and increases in device units sold by Qualcomm’s customers all helped the company beat consensus estimates. However, a contract dispute with LG reduced Qualcomm’s revenue by as much as $100 million. Going ahead, litigation issues and underreporting of sales in China will continue to impact the company’s performance. Although Qualcomm is quickly closing the gap in China, according to the company’s management, there are still a handful of OEMs in the region that are not complying with the licensing agreements.

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