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SOURCE / COMPANIES By GT staff reporters Published: Feb 04, 2021 09:38 PM A Qualcomm booth at an exhibition in Guangzhou, capital of South China s Guangdong Province Photo: IC Chipmaker Qualcomm on Wednesday reported fiscal first-quarter results that slightly missed expectations while forecasting a strong quarter ahead. Chinese analysts warned that the US technology giant may still heavily rely on China to achieve its performance goals in the coming year. Sales in the fiscal first quarter (September 28-December 27, 2020) rose by 62 percent year-on-year to $8.24 billion. Net income more than doubled to $2.46 billion. The performance slightly missed Wall Street s sales expectations of $8.27 billion, according to a report from the Wall Street Journal, citing analysts surveyed by FactSet.

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