Reported 18 days ago
Qualcomm has reported optimistic forecasts for sales and profits, driven by a new wave of flagship smartphone launches from Chinese brands. Shares rose over 6% following the announcement, as the company noted that 46% of its revenue last year came from Chinese clients. Despite potential tariff concerns under a re-elected Donald Trump, Qualcomm executives believe they are not affecting sales. The company's solid outlook for the holiday shopping season exceeds Wall Street estimates, although the impact of Apple's shift to its own chips continues to be a concern.
Source: YAHOO