Qualcomm said its forecast also takes into account the impact of macroeconomic headwinds, weaker global handset units and the fact that phone makers are using existing inventory rather than putting in fresh chip orders.
Wireless connectivity chip maker Qorvo
projected second-quarter revenue above market estimates
on Wednesday, as it expects more business from its biggest
customer, Apple. Shares of the.
Qualcomm forecasts sales below estimates as smartphone slump persists reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Qorvo forecasts second-quarter revenue above estimates on strength from Apple streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.