Qualcomm gives tepid forecast in sign of shaky phone market - News Summed Up

Qualcomm gives tepid forecast in sign of shaky phone market


Qualcomm gives tepid forecast in sign of shaky phone marketBloombergQualcomm Inc, the largest maker of smartphone processors, gave a lackluster revenue forecast for the current quarter, stoking concern that component shortages will hurt consumer demand by driving prices up. The company's sales will be US$10.2 billion to US$11 billion this quarter, the company said in a statement yesterday. Analysts, on average, estimated revenue of US$11.2 billion and earnings of US$2.89 a share, according to data compiled by Bloomberg. Last quarter's profit was US$2.78 a share when excluding some items, while sales increased 5 percent year-on-year to about US$12.3 billion, according to Qualcomm. Internet-connected devices generated sales of US$1.69 billion, with the automotive market contributing US$1.1 billion.


Source: Taipei Times February 05, 2026 10:02 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */