Qualcomm’s Shift Impacts Market Share and Revenue Forecast
Qualcomm faces challenges as Apple moves away as a modem customer, affecting market share and revenue predictions. The company, known for high-end smartphone chip sales, is witnessing changes in its chip segment revenue. Despite challenges, Qualcomm remains optimistic about future prospects.
Taiwan’s MediaTek emerges as a competitor, leading the global smartphone chipset market with a focus on affordable and mid-range devices. Qualcomm warns of revenue impact due to Apple’s shift towards in-house modem chips.
In the face of tariff uncertainties, Qualcomm projects quarterly revenue between $10.3 billion to $11.1 billion. Global smartphone shipments saw a modest increase, as companies adapt to potential tariff changes. Qualcomm explores opportunities in supplying chips for augmented-reality glasses.
With fiscal fourth-quarter chip segment sales forecasted at $9.3 billion, Qualcomm surpasses analyst expectations. The company’s third-quarter results exceeded estimates, indicating a strong financial performance.
