Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
Qualcomm forecasts weak quarterly profit
The reporting (5)
- Qualcomm Earnings: What the Numbers Say Barron's · 5h ago
- Qualcomm posts shrinking sales and profits as chip costs hurt smartphone market Financial Times · 5h ago
- Qualcomm Gives Tepid Profit Forecast in Sign of Phone Woes Bloomberg.com · 5h ago
- Qualcomm Q3 earnings top revenue expectations, as smartphone market slows finance.yahoo.com · 5h ago
- Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate Reuters · 5h ago
What happened
Smartphone users and investors may feel the impact of Qualcomm's weak quarterly profit forecast.
The cause of this forecast is attributed to the expected acceleration of Apple revenue drop. According to Reuters, this drop is a significant factor in Qualcomm's profit forecast.
Qualcomm's earnings report shows shrinking sales and profits, with chip costs hurting the smartphone market, as noted by the Financial Times and Bloomberg.com. The question remains how this will affect the smartphone market and Qualcomm's future profits
Synthesized by headlinez.news from the headlines below under a strict no-invention contract. Updated 1h ago.
Questions people are asking
What is Qualcomm's quarterly profit forecast?
Weak
Why is Qualcomm's profit forecast weak?
Expected acceleration of Apple revenue drop
How will this affect the smartphone market?
Not yet specified
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