Qualcomm rallies on signs smartphone market slump is easing

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

After four quarters of decline in its mainstay smartphone business, Qualcomm is starting to see an end to the inventory pile-up in the Android business, with...

- Qualcomm rose nearly 6% on Thursday as its strong first-quarter forecasts signaled that the two-year-long slump in the smartphone market was easing, led by a recovery in China.

Its revenue and profit projections for the last three months of the year were both above Wall Street estimates, with the company predicting a 35% quarter-on-quarter rise in sales to Chinese smartphone customers. CEO Cristiano Amon said Qualcomm expects to retain a "majority share" of the chips in Samsung's forthcoming S24 line of phones and does not expect Huawei's re-entry into the market to affect its relationship with Chinese smartphone companies.

The company's shares are little changed this year. They trade at nearly 12 times their 12-month forward earnings estimates, compared with investor darling Nvidia's 27.2.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Fed decision on interest rates, PayPal, Airbnb, Qualcomm earnings: Yahoo Finance LiveInvestors are reacting to the Federal Reserve’s latest interest rate decision. Yahoo Finance will carry Fed Chairman Jerome Powell’s press conference live at...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Telus signs deal with EV charging company Flo to provide real-time dataTelus Corp. announced a deal Tuesday with electric vehicle charging network operator Flo to help improve reliability as adoption of clean vehicle technology is expected to ramp up.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »