Qualcomm, the world's biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump.
Revenue in the three-month period ending in June will be US$8.8 billion (S$12 billion) to US$9.6 billion, the company said in a statement on May 1. Excluding certain items, earnings will be US$2.15 to US$2.35 a share. Analysts had projected sales of US$9.08 billion and profit of US$2.16 a share.
The outlook signals that the smartphone market has begun to bounce back, tracking with Qualcomm's forecast that demand would gradually recover in 2024.
The company, based in San Diego in the US, also reported betterthan-predicted results in the second quarter buoyed by headway in China, where it sells technology to local phone manufacturers.
هذه القصة مأخوذة من طبعة May 03, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 03, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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