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Qualcomm expects Chinese handset revenues to recover sequentially after Q3, Kristina Partsinevelos notes

Qualcomm expects Chinese handset revenues to recover sequentially after Q3, Kristina Partsinevelos notes
Qualcomm Q3 handset revenues forecast

Kristina Partsinevelos, industry influencer, reports that Qualcomm's guidance for Q3 falls short of market expectations. The company anticipates Chinese handset revenues to bottom in Q3 and return to sequential growth the following quarter. CEO Amon explains that Qualcomm is presently undershipping compared to actual customer demand, as OEMs reduce inventory in light of higher memory prices.

Partsinevelos has covered industry trends in previous reports. She highlighted ETF Edge's focus on energy and U.S.-Iran uncertainty. The segment examined ETF investor positioning in response to changing geopolitical conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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