(Reuters) - Qualcomm Inc’s fourth-quarter profit and revenue beat market expectations as strength in its smartphone chips business was complemented by demand for chips used in automobiles and for the Internet of Things (IoT). Qualcomm, which has been fighting a legal battle on many fronts with Apple Inc, said revenue from areas other than smartphones was more than $3 billion in its latest fiscal year, up more than 25 percent from last year. Revenue from Qualcomm’s chip unit, which supplies both Android smartphone makers and Apple, rose 13 percent in the latest quarter. Licensing revenue, which includes royalties mostly from Apple, sank 36 percent. Reuters reported earlier this week that Apple would drop the Qualcomm’s chips altogether from its iPhones and iPads from next year, the latest salvo in a longstanding dispute between the two companies. Apple sued Qualcomm in January, accusing it of overcharging for chips and of refusing to pay some $1 billion in p...