Qualcomm forecasts sales below estimates as smartphone slump

Qualcomm forecasts sales below estimates as smartphone slump persists, ET Telecom

The San Diego, California-based company said it also expects no further sales to Chinese telecom giant Huawei because it does not have a license to sell 5G chips to Huawei. More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, Canalys data showed.

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