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Qualcomm revenue forecast falls short as smartphone sales slump; shares slide

By Chavi Mehta and Jane Lanhee Lee

Nov 3 2022 11:56AM

US$2 billion below analyst estimates.

Qualcomm revenue forecast falls short as smartphone sales slump; shares slide

Qualcomm forecast for holiday-quarter revenue fell about US$2 billion (A$3.9 billion) short of Street estimates, as the chipmaker struggles with a slump in sales to smartphone customers, sending its shares down 7 percent in after-hours trading. The company also projected a lower-than-expected ...

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