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Stockreport

Qualcomm forecast beats estimates as AI revives smartphone market [Globe and Mail, The (Toronto, Canada)]

Apple Inc. (AAPL)  More Company Research Source: Globe and Mail, The
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. Qualcomm forecast third-quarter sales and adjusted profit with midpoints of $9.2 billion and $2.25 per share, beating analyst estimates of $9.05 billion and $2.17 per share, according to LSEG data. Shares were up 3% after the results in volatile after-hours trading. San Diego, California-based Qualcomm is the world's biggest supplier of chips for smartphones and counts both Apple and Samsung as customers. The company's sales declined sharply last year following a boom during the pandemic. The drop was felt especially in the Android phone market where Qualcomm draws most of its business. The company faces competitive pressure from China's Huawei Technologies Co, which last year introduced a domestically made smartphone chip, and Taiwanese rival MediaTek, which last week said it expects rising sales this year as it gains market share among the premium-priced Android handsets. F [Read more]
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Stockreport

Qualcomm forecast beats estimates as AI revives smartphone market [Globe and Mail, The (Toronto, Canada)]

Apple Inc.  (AAPL) 
More Company Research Source: Globe and Mail, The
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. Qualcomm forecast third-quarter sales and adjusted profit with midpoints of $9.2 billion and $2.25 per share, beating analyst estimates of $9.05 billion and $2.17 per share, according to LSEG data. Shares were up 3% after the results in volatile after-hours trading. San Diego, California-based Qualcomm is the world's biggest supplier of chips for smartphones and counts both Apple and Samsung as customers. The company's sales declined sharply last year following a boom during the pandemic. The drop was felt especially in the Android phone market where Qualcomm draws most of its business. The company faces competitive pressure from China's Huawei Technologies Co, which last year introduced a domestically made smartphone chip, and Taiwanese rival MediaTek, which last week said it expects rising sales this year as it gains market share among the premium-priced Android handsets. F [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS