Qualcomm Forecasts Revenue Miss

This is a news story, published by Yahoo Finance, that relates primarily to Qualcomm news.

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major Qualcomm customer Apple front

Reuters

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Technology

Qualcomm forecasts Trump tariffs will dent revenue, shares fall 6%

Summary

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79% Informative

Qualcomm forecast third-quarter revenue just shy of Wall Street estimates, expecting tepid demand for its smartphone chips.

Apple , which is known to be Qualcomm 's largest customer, has also begun to produce its own modem chips and is expected to buy fewer of Qualcomm 's modems as it introduces its home-grown chips into more products.

Apple 's increasing push toward building in-house modem chips threatens Qualcomm 's share of iPhone makers' silicon components.

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formal

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English

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