Handset sales rose 1% year-over-year to $6.18 billion, signaling that the smartphone market may be recovering after a few years of post-covid slumping.Here's how it did versus LSEG consensus estimates for the quarter ending in March:Net income during the quarter was $2.33 billion, or $2.06 per share, versus $1.7 billion, or $1.52 per share, in the year-earlier period.
Qualcomm's most important business is its handsets business. It sells processors, modems and other parts for smartphones — primarily Android devices, but also some modem parts in iPhones. Qualcomm calls the phones that use its best chips"AI-powered smartphones," citing features such as generative email completion, live translation, and virtual assistants that use the chips specialized"NPU" AI section. One such phone is
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »