Wednesday, August 2, 2023

Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units

Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.

from Gadgets 360 https://ift.tt/9qofJsw

No comments:

Post a Comment

Hyundai's Chennai plant resumes operations after fire, targets full recovery by June 22

Hyundai Motor India's Chennai plant is recovering after a fire at a supplier's facility. Production at Chennai Plant 1 was affected,...