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Qualcomm Faces Pressure as Smartphone Chip Sales Decline Despite Automotive Gains

Technology News

Qualcomm Faces Pressure as Smartphone Chip Sales Decline Despite Automotive Gains

Qualcomm shares slump as weak smartphone chip sales overshadow data-center momentum

Reuters

Qualcomm shares slump as weak smartphone chip sales overshadow data-center momentum

Qualcomm shares dropped over 9% in early trading on Thursday after the company's smartphone chip sales missed Wall ​Street estimates, raising concerns that weakness in its core handset ‌business...

Why Qualcomm Stock Is Down Even After Car Chip Sales Jumped 89%

techloy.com

Why Qualcomm Stock Is Down Even After Car Chip Sales Jumped 89%

Qualcomm's car chip sales nearly doubled in its Q4 earnings, yet Qualcomm stock still fell about 11% the next day.

Qualcomm shares slide as smartphone slump puts pressure on its core business

CTech

Qualcomm shares slide as smartphone slump puts pressure on its core business

The chipmaker reported a 26% drop in handset revenue and warned that memory costs and Apple's departure will continue to weigh on the market. Qualcomm is betting on data centers, automotive and...

Chip Stocks Tumble After Arm, Qualcomm Reports

Investor's Business Daily

Chip Stocks Tumble After Arm, Qualcomm Reports

Chip stocks continued to fall Thursday in the wake of Tuesday's election results and earnings reports from Arm, Qualcomm and others.

Qualcomm's smartphone chip sales miss estimates, shares fall

Economic Times

Qualcomm's smartphone chip sales miss estimates, shares fall

Demand for lucrative high-bandwidth storage for AI servers has pushed up memory chip prices, raising the cost of consumer electronics and squeezing smartphone processor designers such as Qualcomm.

Qualcomm phone chip sales fall 26% while automotive revenue climbs 89%

Cryptopolitan

Qualcomm phone chip sales fall 26% while automotive revenue climbs 89%

Qualcomm's automotive chip revenue jumped 89% to a record $1.99 billion last quarter, while handset chip revenue sank 26% to $5.14 billion.

Qualcomm shifts focus to data centers amid smartphone sales slump

NewsBytes

Qualcomm shifts focus to data centers amid smartphone sales slump

Qualcomm is pivoting towards AI data centers as smartphone sales drop by 20%, aiming for $15 billion in revenue by 2029 through partnerships with Amazon and Meta.

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