"Qualcomm Profit Slumps as Expenses Rise," at 5:30 p.m. EST, misstated the month in the 10th paragraph. A lawsuit filed by Apple in January alleging Qualcomm used its monopoly position to seek "onerous, unreasonable and costly" terms for use of its patents, demonstrated at least one major Qualcomm customer is concerned as well.

(END) Dow Jones Newswires

January 25, 2017 18:32 ET (23:32 GMT)

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