Tag: qualcomm
QCOM Stock: After mixed Q1, what 2023 holds for Qualcomm
Like most technology companies, Qualcomm, Inc. (NASDAQ: QCOM) benefited from the COVID-driven digital transformation and high demand for smartphones until recently. The chipmaker’s mixed first-quarter report has raised speculation about […]
The post QCOM Stock: After mixed Q1, what 2023 holds for Qualcomm first appeared on AlphaStreet.
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5 […]
The post Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues first appeared on AlphaStreet.
Earnings Results: Qualcomm stock falls after forecast misses, CEO says inventory issues will persist
Qualcomm predicts ‘broadening demand weakness’ for phones
Qualcomm thinks the world won’t be buying very many Qualcomm phones in the first half of this year. On today’s Q1 2023 earnings call, the company says it sees “broadening demand weakness among handsets and IoT products” and expects its customers simply won’t bother shipping as many phones in its second and third fiscal quarters (through June 2023) because they don’t expect people to buy them.
Qualcomm already saw an 18 percent drop in phone sales this past quarter (ending December 25th), with research firm IDC calling it the “largest-ever decline in a single quarter” for phones in general, not just in Qualcomm-powered handsets.
Next quarter, Qualcomm actually doesn’t expect its phone sales to decline all that much; they’ll be down…
Samsung, Google and Qualcomm Team Up To Build a New Mixed-Reality Platform
Samsung has been relatively quiet about virtual reality aside from its Gear VR headset, which it launched several iterations of between 2015 and 2017. That device is a head-mounted holster for smartphone-powered VR experiences. Roh says there’s been more demand from consumers for augmented and virtual reality, which is why the company chose this time to start discussing its plans. He says that the company has been researching the category for a while. “And now we believe that we have reached a certain threshold,” he said.
The collaboration makes sense since Samsung, Google and Qualcomm already work together to develop smartphones. Samsung builds the hardware of its Galaxy phones, while Qualcomm supplies the processor and Google manages the software’s underlying Android operating system. Roh said Google and Qualcomm will play similar roles in the development of this upcoming XR platform, although they will likely overlap in certain areas. Even though Qualcomm would supply the processor, for example, Samsung might make some optimizations, just as it’s done for the chip inside the Galaxy S23 lineup. “Each player is taking leadership in each category, and then we will be working very closely together across the different categories,” Roh said.
Read more of this story at Slashdot.