Qualcomm Forecast Shows Chinese Phone Market on the Mend [Bloomberg Business News]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Bloomberg Business News
Qualcomm Inc. issued an optimistic forecast for the current quarter, a sign demand is beginning to improve in China, the largest smartphone market. Sales will be $4.8 billion to $5.6 billion in the fiscal third quarter, the San Diego-based company said Wednesday in a statement . Analysts on average expected revenue of $5.45 billion, according to data compiled by Bloomberg. Qualcomm said smartphone chip orders are showing signs of life in China after slumping at the end of last year. Concern about the market deepened in recent weeks after lackluster results from other suppliers to handset makers, especially Apple Inc. Even as global smartphone growth slows -- causing pain for Apple, a top smartphone maker -- Qualcomm benefits because it’s supplying manufacturers in China that are growing by taking market share from Apple. Sales of phones in China have been good enough to shift a buildup of unused components, said Qualcomm Chief Financial Officer G
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QCOM
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website