Qualcomm Forecasts Upbeat Sales on Non-Smartphone Segment Strength
Qualcomm forecast first-quarter revenue above Wall Street estimates, citing strength in automotive and internet of things that is helping cushion sluggish smartphone-chip demand.
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09:03:57 PM UTC
SquawkNews
Qualcomm Sees 1Q Rev $10.4B-$11.2B >QCOM
Qualcomm NASDAQ:QCOM forecast first-quarter revenue above Wall Street estimates on Wednesday, signaling growth in segments such as automotive and internet of things is helping cushion the hit from sluggish demand in its core smartphone chips business.Demand for lucrative high-bandwidth storage for…