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Qualcomm gives grim outlook as smartphone sales stay weak

Por: Fox Business Business May 04, 2023

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Check out what's clicking on FoxBusiness.com Qualcomm Inc on Wednesday forecast third-quarter revenue and profit below , saying the smartphone industry would take longer to use up excess chips before fresh orders flow in. Shares of the chip designer fell nearly 7% in extended trading after it said its forecast also accounted for macroeconomic headwinds and weaker global sales of handsets. While Qualcomm hopes smartphone sales will in the... + full article



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