Qualcomm lowers its profit forecast, as Apple won't pay royalties

It all started back in January, when Apple filed three law suits against one of the biggest mobile chip makers, Qualcomm. One was for unpaid royalties, the second was for abuse of power over the market, and the third said that the chip maker didn't follow through on promises to license its standard essential patents at a reasonable price. Of course, Qualcomm didn't just sit idly, and filed counterclaims against Apple for a variety of reasons.

Now, new information has been released by Qualcomm, which hurts not only the chip-making company and Apple, but everyone ...