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Qualcomm jumps as AI sparks rebound in Chinese smartphone market
Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots. "Chinese vendors who traditionally relied more on MediaTek, are going to start leveraging Qualcomm's high-end chips more as they push hard into the AI Agenda," said IDC analyst Nabila Popal. "They further represent an upside for Qualcomm because majority of the recovery is also going to be...
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Qualcomm forecast beats estimates as AI revives smartphone market
Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. The company has also branched out into selling chips for cars and devices such as headphones, which in the second quarter helped it beat Wall Street expectations. The company said its sales to Chinese smartphone makers have grown 40% in the first half of its fiscal year, a sign...
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Master Social Media Marketing with Tips from Small Business Experts
Mastering social media marketing is a must for small businesses to fully capture customers in the digital and real-world for continued growth.