Qualcomm faced a sharp drop in processor sales in the first quarter of 2023. This led to
What is known
Qualcomm's mobile revenueprocessors for smartphones in the first quarter of 2023 decreased by 17% and amounted to $ 6.11 billion. According to the manufacturer, demand fell more than expected. The company planned to receive revenue in the amount of $6.9-7.5 billion.
If we talk in general about the segment of components forsmartphones, which is called QCT, sales also decreased by 17% and amounted to $7.94 billion. Qualcomm's total revenue for the reporting period amounted to $9.28 billion, which is $0.18 billion more than expected.
The net profit of the American company collapsed inin the first quarter of 2023, immediately by 42% and amounted to $ 1.7 billion. After the publication of the financial report, the price of Qualcomm shares continued to fall and decreased by another 6.5%.
In the second quarter of 2023, the company intends toto receive income in the amount of $8.1-8.9 billion, including $6.9-7.5 billion from sales of mobile processors. This is $0.35-1.15 billion less than analysts predicted. The manufacturer also said that it would take him about six months to get rid of the stock of chips.
Source: CNBC