Qualcomm Hit by Smartphone Demand Woes

3 weeks ago 59

Mobile-phone chip maker Qualcomm gave a gloomy sales outlook as it signaled the market for smartphones was more turbulent than expected.

Qualcomm, which sells communication and data-processing chips crucial in phones from Apple and Samsung , has been whipsawed in recent quarters by flagging handset sales even as it sees growth in newer markets for its chips, including the automotive industry

Read Entire Article