China has been a ongoing concern for analysts and the company in recent quarters. There has been a dispute over royalties with Chinese customers. This has affected Qualcomm's stock in recent quarters. In Q3, Qualcomm's shares dropped the most in three years as a result of this dispute. Qualcomm is also the subject of an investigation by a Chinese regulator, the China National Development and Reform Commission (NDRC). And China is still an issue for Qualcomm in this quarter, too.