Qualcomm beats Wall Street’s estimates
 

Looks like Apple not paying its bills could not stop it

Qualcomm beat Wall Street estimates across the board for its first-quarter earnings on Wednesday.

The outfit made $6.04 billion in revenue, while Wall Street thought it would be $5.93 billion.

This is even though Qualcomm's operating profit dropped 96 percent year-over-year to break even as Apple and its partners continued to withhold royalty payments.

The company noted that it didn't record any license revenues from Apple in the first quarter because of its continued dispute with the iPhone maker. In the first quarter of last year, Qualcomm generated $740 million in royalty fees from fruit-related products.

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