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RSS FeedsQualcomm continues to rise thanks to 5G sales, despite global chip shortage
(Android Central)

 
 

29 april 2021 03:00:42

 
Qualcomm continues to rise thanks to 5G sales, despite global chip shortage
(Android Central)
 


Qualcomm has high hopes for 2021. What you need to know Qualcomm reported a 52% year-over-year increase in revenue in its recent quarterly earnings. The company has expressed a positive outlook on the state of the global chip shortage later this year. Qualcomm partially attributed its endurance in the chip shortage to a `reduction on orders from an OEM.` Qualcomm announced its quarterly financial earnings on Wednesday, beating analyst expectations with $7.93 billion in revenue, a 52% increase when compared to the same quarter last year. That`s despite not only a global pandemic but also a global semiconductor shortage that has affected several different industries, not to mention the availability of devices like the PS5. Outgoing CEO, Steve Mollenkopf, attributed Qualcomm`s strong growth to its strong position in the market: Demonstrating the strength of our strategy and our success in execution, we delivered another quarter of year-over-year growth driven by sustained dema...


 
57 viewsCategory: Technology > Mobile > Android
 
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