Qualcomm current-quarter revenue forecast falls short, shares drop
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(Reuters) - Qualcomm Inc on Wednesday forecast current-quarter revenue largely below Wall Street targets, excluding a settlement payment from Apple Inc, sending its shares down 3 percent in after-hours trading. The gloomy forecast comes a day after Apple said sales in China, the world's largest smartphones market, were stabilizing, helped by price cuts and lower taxes.Qualcomm forecast adjusted revenue between $4.7 billion and $5.5 billion for its third quarter ending June 30, the mid-point of..