Qualcomm Earnings Outlook Dented by Smartphone Demand Woes

Date:



Cell-phone chip provider Qualcomm lower its smartphone cargo forecast for this 12 months and issued a muted gross sales outlook, reflecting slowing shopper urge for food for smartphones as hovering inflation and financial uncertainty trigger folks to curtail discretionary spending.

The San Diego-based firm, one of many world’s largest suppliers of chips for cellphone handsets, on Wednesday reported a 36% enhance in gross sales to $10.94 billion for its most up-to-date quarter, beating a $10.86 billion estimate from analysts surveyed by FactSet. Its forecast for between $11 billion and $11.8 billion in income for the present quarter fell wanting Wall Avenue forecasts, nevertheless.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Kim Kardashian Reveals ‘Completely Lifeless’ Home Design – Fans Compare It To A ‘Psych Ward’!!

One other day, one other alternative for social...

New House Democratic Leadership Delivers A Message That Could Doom Kevin McCarthy And Marjorie Taylor Greene

New Home Democratic Whip Rep. Katherine Clark (D-MA)...

Covid Controls Hit Chinese Factories, Adding Risks to Global Growth

Surveys level to a broad pullback in exercise...