Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features.
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. Qualcomm is hoping to benefit from consumer demand to upgrade devices to run AI chatbots directly on the device rather than going over to a data centre.
In Qualcomm’s chip segment, the company forecast fiscal third-quarter sales with a midpoint of $7.8 billion, compared with analyst estimates of $7.74 billion, according to LSEG data.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Qualcomm forecast beats estimates as AI revives smartphone marketExplore stories from Atlantic Canada.
और पढो »
Fed rate decision, Qualcomm, Etsy, Zillow report: Yahoo FinanceThe Federal Reserve Open Market Committee is announcing its latest decision on interest rates. The central bank is widely expected to stay on pause, but...
और पढो »
Fed rate decision, Qualcomm earnings: What to WatchMarket Domination Overtime anchors Julie Hyman and Josh Lipton preview the top headlines for investors for tomorrow, Wednesday, May 1, 2024. Federal Reserve ...
और पढो »
Qualcomm is coming for Intel’s biggest market: PCsQualcomm is debuted its Snapdragon Elite Plus chip Wednesday, as the company aims to take on Intel and AMD in the laptop market.
और पढो »