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Qualcomm forecasts sales above Wall Street estimates on 5G, connected devices strength
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Qualcomm to work with more than 30 companies on faster 5G variant
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Qualcomm to work with more than 30 companies on faster 5G variant
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At world trade show, telecoms stake out a digital future
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Qualcomm sees supply constraints easing
Reuters
Qualcomm Inc on Wednesday forecast quarterly sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co (華為) customers migrate to Qualcomm-chip phones.
Qualcomm is the world’s biggest supplier of smartphone chips, providing key components for 5G connectivity. The San Diego, California-based company has resolved protracted legal fights with regulators and regained iPhone maker Apple Inc as a customer.
“Qualcomm is clearly benefiting from its 5G design win with Apple’s iPhone12 and other Asian smartphones’ OEMs [original equipment manufacturers],” Summit Insights Group analyst Kinngai Chan (陳金蓋), said.