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Qualcomm Inc 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. 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, Bloomberg reported earlier this month. Samsung designs and makes its own line of smartphone processors, the Exynos, but the Korean company in the past has depended on Qualcomm's chips for many of its smartphones. “Qualcomm has a lot of market share but they have some customers with scale to do their own silicon, and it looks like that’s happening,” said Sanford Bernstein analyst Stacy Rasgon.