Qualcomm gives solid outlook in sign of smartphone recoveryBloombergQualcomm Inc, the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump. The outlook signals that the smartphone market has begun to bounce back, tracking with Qualcomm’s forecast that demand would gradually recover this year. A smartphone displaying a Qualcomm Inc logo lies on a computer motherboard in an illustration photo taken on March 6 last year. Photo: ReutersIn the March quarter, profit was US$2.44 a share, excluding some items. They’re not losing smartphone market share to a resurgent Huawei Technologies Co (華為) in China, he added.
