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Search resuls for: "Chavi Mehta Jane Lee"


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☆ Qualcomm outlook grim as smartphone sales stay weak
  + stars: | 2023-05-03 | by ( Chavi Mehta Jane Lee Stephen Nellis | Chavi Mehta | Jane Lee | ) www.reuters.com   time to read: +3 min
While Qualcomm hopes smartphone sales will recover in China in the second half of the year, CEO Cristiano Amon told investors on a conference call that "we have not seen evidence of meaningful recovery and are not incorporating improvements into our planning assumptions." The company said a larger-than-normal decline in its chip revenue forecast from the prior quarter was mainly due "to the timing of purchases by a modem-only handset customer." Qualcomm forecast chips revenue of $6.9 billion to $7.5 billion. Qualcomm also faces stiffer competition, especially for high end smartphone chips, from Taiwan's MediaTek (2454.TW). Qualcomm forecast total revenue of $8.1 billion to $8.9 billion in the third quarter.
☆ Qualcomm gives grim outlook as smartphone sales stay weak
  + stars: | 2023-05-03 | by ( Chavi Mehta Jane Lee | Chavi Mehta | Jane Lee | ) www.reuters.com   time to read: +3 min
The company said a larger-than-normal decline in its chip revenue forecast from the prior quarter was mainly due "to the timing of purchases by a modem-only handset customer." Qualcomm forecast chips revenue of $6.9 billion to $7.5 billion. Smartphone demand has remained weak despite promotions and price cuts. Qualcomm also faces stiffer competition, especially for high end smartphone chips, from Taiwan's MediaTek (2454.TW). Qualcomm forecast revenue of $8.1 billion to $8.9 billion in the third quarter.
☆ AMD forecasts second quarter below estimates with slow chip demand
  + stars: | 2023-05-02 | by ( Chavi Mehta Jane Lee | Chavi Mehta | Jane Lee | ) www.reuters.com   time to read: +2 min
"AMD results were more vulnerable than Intel's because most AMD-based PC customers were consumers. In contrast, Intel had a significant share in the business PC segment," said Mikako Kitagawa, analyst at research firm Gartner. "The results reflect a weaker consumer PC segment than the business PC segment." Order cuts by networking equipment makers have also cast a shadow over demand for products by Xilinx, the data center and networking chip company AMD acquired last year. Data center segment revenue was flat at $1.30 billion during the quarter.
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