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Qualcomm chip sales to Chinese smartphone makers fuel strong results

Economic TimesEconomic Times · 7d
Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm has forecasted sales and profit for the current quarter that exceed Wall Street estimates. The company is benefiting from the launch of flagship Chinese smartphones, resulting in a surge in its shares. Qualcomm is the leading supplier of smartphone chips and is capitalizing on the recovery in smartphone markets. While the company's outlook surpasses expectations, there is uncertainty regarding the future revenue stream from Apple as they develop their own modem chips. Qualcomm's efforts to expand into laptops and AI in data centers may need to accelerate to offset any declines in Apple revenue. Additionally, Qualcomm has signed a new licensing agreement with Shenzhen Transsion Holdings and is embroiled in a legal dispute with Arm.

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