Qualcomm shares drop after sales forecast signals weak demand in China over next few quarters

//Qualcomm shares drop after sales forecast signals weak demand in China over next few quarters

Qualcomm shares drop after sales forecast signals weak demand in China over next few quarters

Qualcomm gave a lacklustre third-quarter sales forecast, citing weaker demand for smartphones in China. The disappointing outlook overshadowed the benefits of settling a prolonged legal dispute with Apple, sending the shares down in extended trading.Fiscal third-quarter revenue will be US$9.2 billion to US$10.2 billion, the San Diego-based company said Wednesday in a statement. Excluding a one-time payment from Apple, revenue in the current period will be US$4.7 billion to US$5.5 billion. At…

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By | 2019-05-02T02:58:36+00:00 May 2nd, 2019|Technology|Comments Off on Qualcomm shares drop after sales forecast signals weak demand in China over next few quarters