Qualcomm QCOM-Q on Wednesday fell short of Wall Street estimates for fourth-quarter revenue from its smartphone chips on sluggish demand and declining Apple-related revenue, sending its shares down more than 4 per cent in extended trading.
Qualcomm’s smartphone chip sales miss estimates, shares fall
EXECUTIVE SUMMARY
Revenue from handset unit, which makes chips for smartphones, fell 26% to $5.14-billion in the fourth quarter
Key Takeaways
- Qualcomm’s smartphone chip sales miss estimates, shares fall.
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Published originally on The Globe and Mail - Business
