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Qualcomm forecasts sales above Wall Street as supply bottlenecks ease [Reuters]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
FILE PHOTO: A Qualcomm sign is shown outside one of the company's many buildings in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake/File Photo The San Diego, California-based company is the biggest supplier of mobile phone chips in the world and the leader in 5G technology, supplying modem chips that help iPhones connect to wireless data networks and the modems and central processors for much of the Android market. Shares were up 3.1% to $146.86 in after-market trading following the results, which could alleviate some concerns among investors about the impact of a global chip shortage on the smart phone market, including the iPhone. Qualcomm Chief Executive Officer Cristiano Amon told investors during a conference call that the company's efforts to secure its chips from multiple manufacturing partners were making progress, with the first shipment of significant volume in the fiscal third quarter and more to come in the coming months. “We're still on track
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