Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

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Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

Reuters2021-07-29

(Reuters) -Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s iPhone, as the company said it had mitigated supply shortfalls that have contributed to a ...

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willnlol
·2021-07-31
Wooo
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- koolgal:
  ??
  2021-09-13
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Upswing118
·2021-07-29
healthy competition is good, justoo bad huawei cant get in their 5G.We need competitors to cross check n ensure all get top notch quality services
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Holla
·2021-07-29
Like my comment pls
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- QPG:
  Ok
  2021-07-29
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ANZ1991
·2021-07-29
Strong
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- FatKid:
  Oh
  2021-07-29
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OO_898
·2021-07-29
Great
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1
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- Jinkachu:
  like and comment
  2021-07-29
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- Kco:
  Sure!
  2021-07-29
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JerryCheah
·2021-07-29
Good
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elvinfu
·2021-07-29
Good
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- Jinkachu:
  like and comment
  2021-07-29
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Hoo2021
·2021-07-29
Interesting ?
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Shunsund
·2021-07-29
Good news ?
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- Jinkachu:
  like and comment
  2021-07-29
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- SandDust:
  What you think
  2021-07-29
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Ericsohth
·2021-07-29
Like pae
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4
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Dragon3444
·2021-07-29
Look forward [齜牙]
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Troedas
·2021-07-29
Awesome
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- Sm9999:
  Ok
  2021-07-29
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Boliao
·2021-07-29
Like pls
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- ngjr90:
  Nice
  2021-07-29
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- Pplymm:
  Pls like back thanks
  2021-07-29
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Dav888
·2021-07-29
Okok
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- Dav888:
  Awesome
  2021-08-03
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- JerryCheah:
  Good
  2021-07-29
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Michael721
·2021-07-29
Thanks
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AndyChai
·2021-07-29
Nice
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- limcainen:
  nice
  2021-07-29
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Jeanp14
·2021-07-29
?
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- Leoneon8881:
  ??
  2021-07-29
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JLX
·2021-07-29
Nice
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pbubz
·2021-07-29
Great!
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gcchan90
·2021-07-29
Buy!!
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Huawei’s flagship models did not use Qualcomm chips but its rivals, who are now snapping up market share, mostly do.\nQualcomm has boosted sales of other chips, such as radio-frequency chips that augment its 5G phone chips and whose sales have doubled in the past year. Sales are also growing for a variety of chips for cars and for “internet of things,” or IoT, applications.\nQualcomm said on Wednesday it expects sales of those chips to hit $10 billion this fiscal year, up from $6 billion the previous year. The company also said it expects adjusted profits of $8.24 per share for its fiscal 2021, nearly double the year before.\nQualcomm’s chip revenue forecast for the current fiscal fourth quarter had a midpoint of $7.25 billion, compared with analyst estimates of $6.83 billion, according to Refinitiv data.\nCHIP SHORTAGE\nAmon said even as its own bottlenecks ease as it brings on more manufacturing partners, some of Qualcomm’s customers cannot find the supporting chips from other vendors that they need to make full devices.\n“We continue to see strong demand in every single business outpacing supply,” he said on the call.\nApple on Tuesday predicted the chip shortage would start to hit its iPhone in the fourth quarter.\nOn Wednesday, Qualcomm said that global sales of 5G handsets for 2021 was likely to come in at the higher end of its forecast of 450 to 550 million handsets. That means that phone makers are likely directing any chips that are in short supply toward production of their more profitable 5G devices. Apple shares rose 0.14% in after-hours trading after Qualcomm’s results.\n“While there remain some parts tightness in some periphery chips in the smartphone sector, we don’t think its material enough to cause any meaningful downside, as the industry will prioritize the supply for 5G instead of 4G,” said Kinngai Chan, an analyst at Summit Insights Group.\nQualcomm forecast overall sales and adjusted profits with midpoints of $8.8 billion and $2.25 per share, above estimates of $8.50 billion and $2.04 per share, according to Refinitiv data.\nThe company predicted revenue with a midpoint of $1.55 billion from its patent licensing business, compared with analyst expectations of $1.56 billion, according to Refinitiv data.\nFor the fiscal third quarter ended June 27, Qualcomm said overall adjusted revenues and adjusted profits were $8 billion and $1.92 per share, higher than estimates of $7.58 billion and $1.68 per share, according to Refinitiv data.\nMobile handset chips remain Qualcomm’s biggest seller, increasing 57% to hit $3.86 billion in the quarter.\n“Qualcomm has done a phenomenal job in driving the 5G ecosystem. For sure it’s moving a lot faster than 4G,” said Paolo Pescatore, an analyst at PP Foresight.\nSales of other chips have also been expanding, with radio frequency chips and IoT chips reaching sales of $957 million and $1.4 billion, up 114% and 83% from a year earlier, respectively.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":802003081,"gmtCreate":1627697212043,"gmtModify":1703494844647,"author":{"id":"3578871663749183","authorId":"3578871663749183","name":"willnlol","avatar":"https://static.tigerbbs.com/208844269ff22e7e65d50d6a8f09c6d1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":1,"idStr":"3578871663749183","authorIdStr":"3578871663749183"},"htmlText":"Wooo","listText":"Wooo","text":"Wooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802003081","repostId":1191373397,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5852232,"gmtCreate":1631526923705,"gmtModify":1663233813453,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly 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competition is good, justoo bad huawei cant get in their 5G.We need competitors to cross check n ensure all get top notch quality services","listText":"healthy competition is good, justoo bad huawei cant get in their 5G.We need competitors to cross check n ensure all get top notch quality services","text":"healthy competition is good, justoo bad huawei cant get in their 5G.We need competitors to cross check n ensure all get top notch quality services","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801728346","repostId":1191373397,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801769278,"gmtCreate":1627535670894,"gmtModify":1703491896931,"author":{"id":"3565687171198207","authorId":"3565687171198207","name":"Holla","avatar":"https://static.tigerbbs.com/c0b0e402ff8043410cc67ffccbfe2174","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3565687171198207","authorIdStr":"3565687171198207"},"htmlText":"Like my comment pls&nbsp;","listText":"Like my comment pls&nbsp;","text":"Like my comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801769278","repostId":1191373397,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5366142,"gmtCreate":1627535845467,"gmtModify":1635165174014,"authorId":3574741031985031,"author":{"id":3574741031985031,"idStr":"3574741031985031","authorId":3574741031985031,"name":"QPG","avatar":"https://static.tigerbbs.com/2a7df0e38bbedb258a49cc9fd563fa0f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801769278,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":801782147,"gmtCreate":1627535231989,"gmtModify":1703491889299,"author":{"id":"3583315352076001","authorId":"3583315352076001","name":"ANZ1991","avatar":"https://static.tigerbbs.com/a373575a49907ced0897be78fc14bbdc","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583315352076001","authorIdStr":"3583315352076001"},"htmlText":"Strong&nbsp;","listText":"Strong&nbsp;","text":"Strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801782147","repostId":1191373397,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5366111,"gmtCreate":1627535629176,"gmtModify":1663231659452,"authorId":4090418903913760,"author":{"id":4090418903913760,"idStr":"4090418903913760","authorId":4090418903913760,"name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable 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