Thursday, July 23, 2015
Qualcomm Warns of Further Weakness
Qualcomm said its revenues in the quarter ending June 28, 2015, fell 14% year-on-year to 5.8 billion US dollars. The chip maker said that Qualcomm licensees shipped 60.4 billion dollars of devices in the quarter, below its original forecast of between 61 billion and 67 billion dollars.
It warned that sales in the current quarter will be between 4.7 billion and 5.7 billion dollars, compared with 6.7 billion dollars in the same period in 2014. That would represent a year-on-year decline of up to 30%. source: Qualcomm presentation
Labels: More mobile equipment
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE