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Qualcomm announces strong financial results, but future sales forecast is tough

Qualcomm chip

 
Qualcomm expects that sales in the fourth quarter of fiscal 2022 (Qualcomm’s own fiscal year: July-September) may fall short of market expectations due to the difficult economic climate and slowing smartphone demand. increase.

Declining personal consumption impacts

In the first quarter of fiscal 2022 (October to December 2021), even Qualcomm, the “chip industry giant”, which recorded a record-high sales increase of 30% year-on-year, will be ahead of the smartphone industry and economic conditions. seems to be no match for .
 
Qualcomm announced its third quarter (April-June) revenue on Tuesday, continuing its 2021 momentum of 65% year-over-year growth to 10.93 billion, up 37% year-on-year. US dollars (approximately ¥1,456 billion).
 
At the same time, Qualcomm expects the fourth quarter to be tough due to a drop in personal consumption, and the slump in smartphone sales will cast a shadow on sales of chips for smartphones, the company’s main product. I was.

Samsung announces a similar view

It is undeniable that the world economy is at a standstill due to unstoppable inflation, unprecedented dollar appreciation, the unstoppable novel coronavirus infection (COVID-19), and the war between Ukraine and Russia.
 
In fact, in the second quarter of 2022 (April-June), the global smartphone market shipments decreased by 9% year-on-year, the lowest number since the spread of the new coronavirus.
 
In addition to Qualcomm, Samsung also shows a similar view, and it seems that other than Apple will be forced to take a cautious management policy.
 
 
Source: Reuters, CyprusMail, Bloomberg
(kihachi)

Source: iPhone Mania

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