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Qualcomm posts shrinking sales and profits as rising costs hit smartphone sales
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NEWSDECK ANALYSIS
The global smartphone market has been experiencing a slowdown in recent years, with rising production costs and changing consumer behaviour contributing to decreased demand. Qualcomm, as a leading supplier of smartphone chips, is particularly exposed to fluctuations in the market, with its financial performance closely tied to the sales of devices that use its technology. The company's reliance on the smartphone industry makes its financial results a key indicator of the sector's overall health.
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FT UK
Qualcomm posts shrinking sales and profits as rising costs hit smartphone sales
Net income fell 25% as higher memory chip prices hurt device business
29 Jul, 20:37
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