ChipsReutersabout 23 hours ago
Qualcomm Smartphone Chip Sales Fall 26%
2 min read
Qualcomm reported quarterly results on Wednesday where adjusted EPS reached $2.17 against $2.16 estimates. Total revenue hit $10.44 billion, yet handset chip sales dropped 26% to $5.14 billion. CEO Cristiano Amon attributed the decline to supply issues rather than demand, while automotive revenue soared 89% to $1.99 billion. The stock slid 6% in extended trading.
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