Qualcomm Stock Falls Despite Strong Earnings. Here's Why. - Barron's

1. QCOM reported strong Q1 earnings: EPS up 24% to $3.41. 2. Chip sales rose 20% to $10.1 billion; smartphones make up 75% of sales. 3. Intellectual property licensing revenue missed estimates, affecting investor sentiment. 4. Apple's shift to in-house 5G chips threatens QCOM's future revenue significantly. 5. Chinese market dependency poses additional risks for QCOM's revenue streams.