Qualcomm Inc (QCOM.O) reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer’s flagship smartphone, sending its shares lower. Earlier this month, Bloomberg reported that Samsung Electronics Co Ltd , the world’s top smartphone maker, decided not to use the new Qualcomm Snapdragon 810 processor for the next flagship Galaxy S smartphone after the chip overheated during testing.