Business & Finance
Qualcomm’s Push Into New Markets Helps Make Up for Phone Slump
Key Points
Qualcomm’s Push Into New Markets Helps Make Up for Phone Slump Qualcomm Inc., the largest maker of smartphone processors, gave a robust quarterly sales forecast, signaling that a push into new markets has lessened its reliance on the sluggish phone industry. Revenue will be $10.4 billion to $11.2 billion in the three months ending in December, the company said in a statement Wednesday. The midpoint of that range topped the average projection of $10.55 billion.
Qualcomm’s Push Into New Markets Helps Make Up for Phone Slump
Qualcomm Inc., the largest maker of smartphone processors, gave a robust quarterly sales forecast, signaling that a push into new markets has lessened its reliance on the sluggish phone industry.
Revenue will be $10.4 billion to $11.2 billion in the three months ending in December, the company said in a statement Wednesday. The midpoint of that range topped the average projection of $10.55 billion. Profit will be $2.15 to $2.35 a share, versus an estimate of $2.32 a share.