Aug 1, 2024
Qualcomm Beats Estimates, Phone Chip Sales Surge 12%
By Chicago Times Magazine – July 31, 2024 Qualcomm Technologies, Inc. announced today that its fiscal third-quarter results exceeded Wall Street expectations, driven primarily by a robust 12% year-over-year increase in handset chip sales. The company’s revenue climbed to $9.39 billion, surpassing analyst forecasts. The surge in phone chip sales indicates a potential rebound in the smartphone…