Mobile hardware sales seems to have reached a saturation point. The only real hit device of the past year was the iPhone 6 and Apple pretty much pulled out that last remaining popular mobile feature out there with the bigger screen. Wearbales don’t seem to be gaining that much traction even after the initial iWatch hype.
QCOM is basically flat revenue wise for the past 4 or 5 quarters. It’s share price has been slowly declining for the last year of so. Doesn’t surprise me that they might be looking at options to grow earnings via cost cutting. It’s a mature company with it’s biggest source of revenue coming in the form of licensing. Rest on those patents and cash out those options baby.