Qualcomm forecasts lower Q3 sales amid memory chip shortage

10 articles · Updated · Bloomberg · Apr 29

Qualcomm projects third-quarter revenue between $9.2 billion and $10 billion, falling short of analysts' $10.2 billion estimate.
The company attributes the weak outlook to an industrywide shortage of memory chips, which is negatively impacting the smartphone market.
As the largest maker of smartphone processors, Qualcomm's outlook highlights ongoing supply chain challenges affecting the broader technology sector.

Can Qualcomm's pivot to cars and IoT truly replace the massive revenue hole left by Apple?

Is the global chip shortage a convenient excuse for Qualcomm's deeper issues with Apple and competitors?

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