News

Qualcomm Faces Persistent Challenges in Smartphone Market

1 Mins read

Qualcomm, the mobile-phone chip maker, has issued the same revenue guidance for the current quarter as it did for the prior quarter. This indicates the ongoing challenges faced by the company in the smartphone market.

For the fiscal fourth quarter, Qualcomm forecasts revenue between $8.1 billion and $8.9 billion, which aligns with analysts’ estimates. It is worth noting that in May, the company provided the same guidance for the recently completed third quarter, although analysts initially predicted $9.1 billion.

In addition to the revenue forecast, Qualcomm also predicts adjusted earnings for the fourth quarter to range between $1.80 and $2 per share. Analysts polled by FactSet had expected earnings per share of $1.92.

The San Diego-based company highlights that its guidance reflects the continued impact of macroeconomic headwinds, weaker global handset units, and channel inventory drawdown. These factors have contributed to the challenges faced by Qualcomm in recent times.

Although Qualcomm’s communication and data-processing chips are crucial components in phones from Apple and Samsung, the company has experienced a decline in handset sales. However, it has found opportunities for growth in newer markets such as the automotive industry.

  • Denny Jacob
Related posts
News

Tron Inc. Debuts on Nasdaq as Justin Sun Rings Opening Bell - TokenPost

1 Mins read
Tron Inc., the largest holder of TRX, has achieved a major milestone by officially listing on the Nasdaq exchange, marking a historic…
News

EFCC Takes Sensitization Campaign On Virtual Assets, Money Laundering To CBN - InfoStride News

2 Mins read
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, July 24, sensitized officers of Central…
News

Binance's Top Trending Cryptocurrency Picks for Today, July 23, 2025

10 Mins read
Looking for what’s hot in crypto today, July 23, 2025? We’ve got the rundown on the top trending cryptocurrency picks you’ll find…

Leave a Reply

Your email address will not be published. Required fields are marked *

65 − = 63