Reported 3 months ago
Qualcomm Inc. forecasts strong revenue for the current quarter, predicting between $9.5 billion and $10.3 billion, as demand for smartphones rebounds. The company reported a profit of $2.33 per share for the previous quarter, with growth in phone-related revenue and a significant surge in automotive sales. This positive outlook signals a potential recovery in the smartphone industry, particularly supported by increased consumer spending in China.
Source: YAHOO