Reported 4 months ago
Qualcomm Inc. saw its shares drop over 5% after issuing a subdued revenue forecast, predicting sales between $9.9 billion to $10.7 billion, slightly below analyst expectations. This has reignited worries about the potential impact of tariffs on smartphone demand, particularly as Qualcomm relies heavily on the Chinese market. Despite not feeling immediate tariff effects, executives cautioned that indirect impacts remain uncertain, leading to concerns among investors.
Source: YAHOO