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Weak smartphone demand hampers Qualcomm forecast
Qualcomm Inc. gave a downbeat fourth-quarter sales forecast, indicating lingering weakness in smartphone demand while consumers wait for devices with the next generation of wireless technology.
Fiscal fourth-quarter revenue will be $4.3 billion to $5.1 billion, the San Diego-based company said Wednesday in a statement. [Bloomberg]
Qualcomm Inc. gave a downbeat fourth-quarter sales forecast, indicating lingering weakness in smartphone demand while consumers wait for devices with the next generation of wireless technology.
Fiscal fourth-quarter revenue will be $4.3 billion to $5.1 billion, the San Diego-based company said Wednesday in a statement. [Bloomberg]