Reported 8 months ago
Qualcomm CEO Cristiano Amon remains optimistic about the company's strategy to expand into new markets, projecting significant future revenue growth, despite a recent dip in stock prices following a disappointing investor presentation. Amon highlighted the strong performance of Qualcomm's PC chips and expects new product categories, including automotive and Internet of Things devices, to contribute an additional $22 billion in revenue by fiscal 2029. While the firm faces challenges due to customer shifts like Apple's transition to in-house components, Amon maintains confidence in reaching ambitious targets.
Source: YAHOO