Qualcomm Inc. on Wednesday said profit plunged 40% in its latest quarter, the first in years that didn’t include patent royalties on devices from Apple Inc.

The San Diego company reported profit in the three months through June 25 of $865 million on revenue of $5.37 billion, down 11% from a year earlier. It highlighted strength in its business selling chips for smartphones and other devices, but said revenue in the patent-licensing division, where the company has earned most of its pretax profit, fell 42% to $1.17 billion.

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