Qualcomm Revenue Forecast: Eyeing Growth Trends in Mobile Devices and Wireless Networking

Wednesday, 6 November 2024, 17:47

Qualcomm shows strong revenue growth and optimistic forecast influenced by mobile devices and wireless networking trends. With 40% growth from China OEMs, Qualcomm's performance surpasses expectations, indicating robust sales and market potential in upcoming quarters.
Digitimes
Qualcomm Revenue Forecast: Eyeing Growth Trends in Mobile Devices and Wireless Networking

Strong Revenue and Growth Forecast for Qualcomm

Qualcomm has reported better-than-expected revenues in Q4 FY24, significantly fueled by the recovering Chinese market. The automotive sector's influence is evident as Qualcomm reported a notable increase in sales, especially driven by mobile devices and wireless networking advancements.

  • Strong gains from mobile devices
  • 40% growth in sales from China OEMs
  • Promising trends in the telecom market
  • Expanding influence in the pc segment

Market Trends and Future Outlook

Qualcomm's optimistic forecast highlights key trends in the mobile + telecom market, anticipating continued growth in segments like QCT and overall revenues. As wireless networking continues to evolve, Qualcomm remains at the forefront, shaping future automotive and communication technologies.

For more detailed information on Qualcomm and its market strategies, please visit the source.


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