Mobile phone cash cow is dying warns Qualcomm

Stefan Mileschin · 4th November 2022, 09:27

Predicting a ‘double-digit’ drop in phone sales

Anyone hoping to make money on smartphones this year is going to have a disappointing time, warned Qualcomm in its latest results.

Qualcomm predicted that phone sales will be down much more than expected in 2022 due to the "uncertain economic environment."

“Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit percentage decline,” Qualcomm wrote.

The company said that there had been a “rapid deterioration in demand” and “easing of supply constraints” in the semiconductor industry which means that chipmakers have far too much inventory and that Qualcomm’s largest customers are having to draw down their inventory.

https://fudzilla.com/news/mobile/557...warns-qualcomm

4th November 2022, 09:27	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Mobile phone cash cow is dying warns Qualcomm Predicting a ‘double-digit’ drop in phone sales Anyone hoping to make money on smartphones this year is going to have a disappointing time, warned Qualcomm in its latest results. Qualcomm predicted that phone sales will be down much more than expected in 2022 due to the "uncertain economic environment." “Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit percentage decline,” Qualcomm wrote. The company said that there had been a “rapid deterioration in demand” and “easing of supply constraints” in the semiconductor industry which means that chipmakers have far too much inventory and that Qualcomm’s largest customers are having to draw down their inventory. https://fudzilla.com/news/mobile/557...warns-qualcomm

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