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Qualcomm expects the smartphone market in the slump until at least July

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Published on Apr 30, 2020

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Qualcomm expects that in this quarter (April to June), shipments of smartphone will still be in free fall - about 30% less compared to the same period of the previous year due to the coronavirus, which has already caused a contraction of 21% in the first quarter of the year, from January to march.

Revenue for the first quarter of Qualcomm has remained relatively stable, in fact it actually went up a bit (5.2 billion against 5 last year), but profits have plummeted by 29% (from 663 million to $ 468) and the estimates for next quarter have been revised downwards. It is true that in this time period so special is very difficult to make reliable forecasts: Qualcomm has identified a number of factors that will affect its performance, some related to the coronavirus and others not:

Qualcomm does not believe, however, that there will be declines in the number of smartphone 5G sold throughout the year. The original forecast was between 175 and 225 million, and that remains. A sign that the premium should keep botta is better than that of the bottom end.Zero compromise for the best price?? Samsung Galaxy S10 Plus, on offer today from Teknozone to 569 euro or from Amazon at 641 euro. CLICK HERE TO CONTINUE READING

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