The chip shortage is still affecting many industries, but Qualcomm proves it can overcome. What you need to know Qualcomm announced its fiscal year Q3 earnings on Wednesday. The company reported higher-than-expected growth, with revenue up by 63% from the previous year. Qualcomm attributes its strong chip sales to its multi-sourcing strategy. Qualcomm announced its fiscal year Q3 earnings on Wednesday, showing impressive growth despite the ongoing chip shortage that continues to affect many industries. The company managed to beat analyst expectations with quarterly revenue of $8 billion, compared to the expected $7.58 billion. That's also up from $4.8 billion in the same period last year. The biggest driver for that is the company's QCT semiconductor business which reported $6.47 billion in revenue. That's up 70% YoY, and saw the most growth from Qualcomm's RF front-end sales which the company says is "crucial to design high-performance 5G devices." At a glance: @Qualcomm Q3 ...
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