Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad
6 years, 10 months ago

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad

Firstpost  

The results announced in Qualcomm’s smartphone chip business contrasted to those from major mobile phone components makers in Asia. US chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. Qualcomm said it expects the loss of business with ZTE to lower its profits by 3 cents per share next quarter, though executives also suggested that other smartphone makers that it also does business with may make up for that lost revenue in the longer term. Qualcomm on Wednesday forecast current-quarter revenue of between $4.8 billion and $5.6 billion, and adjusted earnings of 65 to 75 cents per share.

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History of this topic

Samsung Electronics posts 129.85% jump in Q4 operating profit
1 month, 3 weeks ago

Samsung Electronics posts 129.85% jump in Q4 operating profit

Live Mint  

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. US tech giant Nvidia, whose semiconductors power the AI industry, has been relying on SK hynix, Samsung's South Korean rival, as its main supplier …

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Trending News
2 months, 2 weeks ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Live Mint  

By Hyunjoo Jin SEOUL - Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips. In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is …

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand
2 months, 2 weeks ago

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand

Live Mint  

Taiwanese giant Foxconn or Hon Hai Precision Industry Co., Ltd beat its revenue estimates for the fourth quarter. The company announced its highest-ever revenue record fueled by strong demand for artificial intelligence servers, reported the news agency Reuters on Sunday, January 5. The world's largest contract electronic maker's revenues surged 15.2 per cent to $64.72 billion, according to a company …

Qualcomm prevails on key issues in Arm suit
3 months ago

Qualcomm prevails on key issues in Arm suit

Live Mint  

A Delaware jury ruled that Qualcomm had a valid license to use Arm’s basic chip architecture for central processors it developed with the acquisition of a startup called Nuvia in 2021. While the jury ruled mostly in Qualcomm’s favor, it was deadlocked on the question of whether Nuvia had violated its license agreement with Arm amid Nuvia’s acquisition. Qualcomm general …

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector
6 months ago

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector

Live Mint  

Intel — once the world's largest chipmaker — might soon face a friendly takeover bid from Qualcomm. The company is headed toward its third consecutive year of shrinking sales with an estimated $52 billion revenue in 2024 — just 70% what it brought in back in 2021. A person in the know however told Bloomberg that CEO Pat Gelsinger still …

Qualcomm exploring a chance to buy a chunk of Intel's chip design business
6 months, 2 weeks ago

Qualcomm exploring a chance to buy a chunk of Intel's chip design business

Firstpost  

Intel, which has faced financial struggles recently, is reportedly looking to offload some of its business units in a bid to generate cash. Qualcomm has been assessing various segments of Intel’s design business, including its client PC design division For Qualcomm, acquiring parts of Intel’s chip design business could provide a strategic opportunity to expand its reach into new markets. …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
7 months, 2 weeks ago

China chipmaker SMIC beats Q2 estimates despite steep profit fall

The Hindu  

Semiconductor Manufacturing International Corp reported a 59.1% fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations. SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million expected by analysts polled by LSEG, while revenue rose by 21.8% to $1.9 billion, also …

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up
7 months, 3 weeks ago

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up

Live Mint  

-- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding. Phone makers have been helped by a spending recovery among Chinese consumers, and that’s translating into more orders for component makers like Qualcomm. Apple’s iPhone relies on Qualcomm for connectivity chips, not the main …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
8 months, 3 weeks ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an …

Qualcomm reaches $75 mln settlement over sales and licensing practices
9 months ago

Qualcomm reaches $75 mln settlement over sales and licensing practices

The Hindu  

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. Shareholders accused Qualcomm of artificially inflating its share price between February 2012 and January 2017 by repeatedly describing its chip sales and technology licensing as separate businesses, when in fact Qualcomm bundled them …

Samsung overtakes Apple as top smartphone maker in Q1 2024
11 months, 1 week ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
1 year ago

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand

Live Mint  

iPhone manufacturer Foxconn announced its fourth quarter results on Thursday, March 14, reporting a 33 per cent year-on-year rise in net profit, driven by a strong demand for artificial intelligence servers and high sales the year-end peak season. The world’s largest contract electronics maker's Q4 net profit is the strongest YoY growth logged for a quarter since March 2021, according …

Qualcomm open to buying made-in-India chips, says CEO
1 year ago

Qualcomm open to buying made-in-India chips, says CEO

Live Mint  

Chennai: Wireless communications major Qualcomm Inc is open to buying semiconductor chips from India whenever they are available, the company’s president and CEO Cristiano Amon said. The Indian government has approved four projects to make semiconductor chips with an investment of ₹1.6 trillion, including two involving US-based Micron Technology and Tata Electronics. After the inauguration, union minister for and electronics …

Q4 signals a turning point for mobile phone makers
1 year, 2 months ago

Q4 signals a turning point for mobile phone makers

China Daily  

By Yan Xingzhou | chinadaily.com.cn | Updated: 2024-01-03 16:07 Consumers select products at an Apple store on Nanjing Road Walkway in Shanghai in December 2022. WANG GANG/FOR CHINA DAILY The just-ended fourth quarter marks a turning point for the domestic mobile market, as a bullish mobile market is expected and is forecast to maintain a positive growth this year. Mobile …

Qualcomm to supply Apple with 5G chips until 2026 under new deal
1 year, 6 months ago

Qualcomm to supply Apple with 5G chips until 2026 under new deal

The Hindu  

Qualcomm on Monday said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026. The San Diego, California-based firm previously signed a supply deal with Apple in 2019, after the two companies settled a protracted legal battle. Under the deal announced Monday, Qualcomm said it will supply Apple with chips …

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts
1 year, 6 months ago

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts

Live Mint  

Dell Technologies shares rallied 8% in extended trading on Thursday after the company raised its full-year revenue and profit forecast. The company forecast third-quarter revenue between $22.5 billion and $23.5 billion beating analysts’ estimates of $21.67 billion, according to Refinitiv data. For the full year, Dell Technologies now expects revenue between $89.5 billion and $91.5 billion, and earnings per share …

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics
1 year, 7 months ago

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics

ABP News  

Key iPhone assembler Foxconn has reported one per cent fall in its second quarter net profit amid weak demand for electronics globally. The company, also the world's largest contract electronics manufacturer, beat analysts' forecasts - its net profit for the April-June quarter fell to T$33 billion from a revised T$33.29 billion in the same period last year. Foxconn shares rose …

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand
1 year, 8 months ago

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand

ABP News  

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, reported a 23 per cent drop in net profit in the second quarter as demand for consumer electronics and semiconductor chips remains low amid rising interest rates and global economic challenges, the media has reported. The world's largest contract chipmaker on Thursday said that during the April-June quarter, net profit dropped to …

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report
1 year, 8 months ago

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report

The Hindu  

The global smartphone market declined 8% year-over-year in Q2 2023, making it the eighth consecutive quarter to witness YoY decline. The slowdown in growth can be attributed to the global smartphone market moving past its growth phase, consumer replacement cycles getting longer, convergence in device innovation, and the emergence of a more mature refurbished market for smartphones. Premium segment remains …

India’s smartphone shipments decline 21% in Q1 2023: Report
1 year, 10 months ago

India’s smartphone shipments decline 21% in Q1 2023: Report

The Hindu  

India’s smartphone market shipments declined 21% in the March-ending quarter, compared to the same period last year. There were 34 new 5G smartphone launches in the first quarter of 2023, CMR’s ‘India Mobile Handset Market Review Report for Q1 2023’ report said. However, the super-premium smartphone segment and the Uber premium segment shipments saw remarkable growth of 96% and 208% …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
2 years, 2 months ago

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens

The Hindu  

Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, is a rare bright spot in the global tech industry which is grappling with worsening consumer demand brought about …

Qualcomm predicts “ low double-digit drop” in phone sales in 2022
2 years, 4 months ago

Qualcomm predicts “ low double-digit drop” in phone sales in 2022

The Hindu  

Qualcomm, on Wednesday, in its fourth quarter fiscal report predicted a “low double-digit percentage” decline in phone sales. The company, one of the primary providers of chips and modems for smartphone manufacturers, changed its earlier prediction of a mid-single-digit percentage decline in smartphone sales citing uncertainty caused by macroeconomic environments, The predictions account for sales of 3G, 4G, and 5G …

Taiwan chipmaker TSMC says quarterly profit $8.8 billion
2 years, 5 months ago

Taiwan chipmaker TSMC says quarterly profit $8.8 billion

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to a record $8.8 billion amid surging demand. The American Embassy in Beijing didn’t immediately respond to a question about whether TSMC had received an exemption that might allow …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 8 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Apple Q2 earnings: iPhone maker warns of serious supply headwinds in China
2 years, 10 months ago

Apple Q2 earnings: iPhone maker warns of serious supply headwinds in China

CNN  

CNN Business — Apple topped Wall Street’s estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. CEO Tim Cook kicked off the earning call by recognizing the company’s efforts in Ukraine, such as donating products to support refugees arriving …

Qualcomm can keep growing without Apple, analysts say
3 years, 4 months ago

Qualcomm can keep growing without Apple, analysts say

The Hindu  

Investors once believed that Qualcomm Inc's fortunes rose and fell with Apple Inc's iPhone, which uses a key "modem" chip from the San Diego company to connect to mobile data networks. But as Qualcomm prepares for an investor presentation on Tuesday where it will outline plans to land its chips in everything from virtual reality headsets to self-driving cars to …

Qualcomm, Electronic Arts rise; Moderna, Roku fall
3 years, 4 months ago

Qualcomm, Electronic Arts rise; Moderna, Roku fall

Associated Press  

NEW YORK — Stocks that traded heavily or had substantial price changes Thursday: Qualcomm Inc., up $17.63 to $156.11. The chipmaker gave investors an encouraging profit forecast after reporting strong fourth-quarter financial results. The online reservations site beat Wall Street’s third-quarter profit and revenue forecasts. The video streaming company gave investors a weak sales forecast and warned that supply chain …

Huawei revenue slides in Q3 as smartphone business remains crippled
3 years, 4 months ago

Huawei revenue slides in Q3 as smartphone business remains crippled

The Hindu  

Revenue of China's Huawei Technologies Co Ltd plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy. The restrictions have badly hurt Huawei's handset business, with rotating Chairman Eric Xu saying in September that revenue from smartphones would dip …

Smartphone Market Shrank By 6% in Q3 2021, Samsung Remains Leader With 23% Share: Report
3 years, 5 months ago

Smartphone Market Shrank By 6% in Q3 2021, Samsung Remains Leader With 23% Share: Report

News 18  

Samsung shipped the most number of smartphones in the third quarter of this year, according to a repoort by Canalys. The South Korean giant had a 23 percent market share during Q3 2021, despite the complete smartphone market seeing a 6 percent decline in Q3 2021 as compared to last year. Samsung’s 23 percent market share remained constant with the …

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint
3 years, 6 months ago

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint

Live Mint  

NEW DELHI: Smartphone sales to end users worldwide grew 10.8% year-on-year in the second quarter of 2021, despite component shortages and supply constraints. According to a report by market research firm Gartner, sales to end users totaled 328.8 million in the second quarter. The firm noted that while the second wave of covid-19 infections affected sales in markets like India …

Global Smartphone Shipments Grew 13.2% In Q2 2021; Xiaomi Overtakes Apple to 2nd Spot
3 years, 7 months ago

Global Smartphone Shipments Grew 13.2% In Q2 2021; Xiaomi Overtakes Apple to 2nd Spot

News 18  

Global smartphone shipments grew by 13.2 percent year-on-year in Q2 2021 with a total of 313.2 million shipments during the quarter, according to the International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker. The IDC report says that Samsung shipped 59 million units in Q2 2021 across the world, securing a market share of 18.8 percent. Xiaomi shipped 53.1 million units …

Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
3 years, 7 months ago

Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

The Hindu  

Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc's iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage. Qualcomm's chip revenue forecast for the current fiscal fourth quarter had a midpoint of $7.25 billion, compared with analyst estimates of $6.83 billion, according to …

Chipmakers Qualcomm, MediaTek gain as Huawei HiSilicon struggles
3 years, 9 months ago

Chipmakers Qualcomm, MediaTek gain as Huawei HiSilicon struggles

The Hindu  

Qualcomm and MediaTek have capitalised on HiSilicon’s challenges and gained market share in the smartphone processor market, as Huawei's semiconductor arm suffers a steep decline in shipments. Qualcomm led the smartphone processor market with a 40% revenue share, followed by MediaTek with 26% and Apple with 20% in Q1 this year, according to research firm, Strategy Analytics. The research firm …

Global Smartphone Market Recorded a 25.5% YoY Growth in Q1 2021; Samsung Leads Market With 21.8% Share
3 years, 10 months ago

Global Smartphone Market Recorded a 25.5% YoY Growth in Q1 2021; Samsung Leads Market With 21.8% Share

News 18  

The smartphone market is finally seeing recovery after a pandemic-driven year, as the global market saw a 25.5 percent year-on-year growth in shipments. According to preliminary data from the International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker report, smartphone vendors shipped nearly 346 million smartphones during Q1 2021. The IDC report also said that Samsung regained the top spot in …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 11 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Qualcomm leads smartphone app processor market, Apple 2nd
4 years ago

Qualcomm leads smartphone app processor market, Apple 2nd

India TV News  

Qualcomm led the worldwide smartphone application processor market on 2020 with a revenue share of 31 per cent, thanks to popular demand of its Snapdragon series, according to a new report. China's HiSilicon with 18 per cent AP market share was third while Taiwan's MediaTek was narrowly behind HiSilicon to rank fourth, also with an 18 per cent share. Samsung, …

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report
4 years, 1 month ago

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report

News 18  

Apple, for the first time beat Samsung in four years to emerge as the top smartphone vendor in the final quarter of 2020, according to a recent Gartner report. This comes even after Samsung remained the top smartphone brand as of the whole of 2020, its sales fell by 14.6 percent in Q4 2020. Smartphone sales in the fourth quarter …

Apple leads global smartphone shipments with iPhone 12 series during Q4 2020
4 years, 1 month ago

Apple leads global smartphone shipments with iPhone 12 series during Q4 2020

Firstpost  

Apple takes back the top spot in the global smartphone market in Q4 2020, as the world continues to recover from COVID-19. Apple iPhone 12 Pro Samsung took the second spot with a 16 percent market share, by shipping 62.5 million units in Q4. Xiaomi saw a 31 percent YoY growth with 43 million units shipped in Q4 2020, while …

Indian Smartphone Market Witnesses 4% Dip in 2020, Q4 Shipment Up 19%: Counterpoint Research
4 years, 1 month ago

Indian Smartphone Market Witnesses 4% Dip in 2020, Q4 Shipment Up 19%: Counterpoint Research

News 18  

India’s smartphone shipments declined by a modest 4 percent to over 150 million units in the pandemic-hit 2020 on the back of high consumer demand post-lockdown and new use cases like work from home, research firm Counterpoint said. “The high consumer demand post-lockdown, as well as strong promotions on online channels and new uses cases like e-learning and work from …

India smartphone market sees 4% dip to 150 mn units in 2020, Q4 shipment up 19%
4 years, 1 month ago

India smartphone market sees 4% dip to 150 mn units in 2020, Q4 shipment up 19%

Live Mint  

India's smartphone shipments declined by a modest 4% to over 150 million units in the pandemic-hit 2020 on the back of high consumer demand post-lockdown and new use cases like work from home, research firm Counterpoint said. "The high consumer demand post-lockdown, as well as strong promotions on online channels and new uses cases like e-learning and work from home, …

MediaTek Was The Biggest Smartphone Chip Supplier in Q3 2020 With 31% Share: Counterpoint Research
4 years, 3 months ago

MediaTek Was The Biggest Smartphone Chip Supplier in Q3 2020 With 31% Share: Counterpoint Research

News 18  

Taiwanese chipmaker MediaTek surpassed Qualcomm to become the biggest smartphone chip supplier in Q3 2020 with a 31 percent market share in the third quarter, according to a recent report from Counterpoint Research. The growth of MediaTek has moved American chipmaker Qualcomm to the second position, as the company registered a 29 percent market share in Q3 2020, down from …

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details
4 years, 4 months ago

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details

India TV News  

Bullish on the early success of its 5G rollout, chip-maker Qualcomm has posted strong results for its fourth quarter, logging $6.5 billion in revenue which is up 35 per cent. "Our fiscal fourth-quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses," said Steve Mollenkopf, CEO of Qualcomm. Inching …

Xiaomi Climbs to Third Spot in Global Smartphone Rankings, Apple Fourth Despite Strong Sales
4 years, 4 months ago

Xiaomi Climbs to Third Spot in Global Smartphone Rankings, Apple Fourth Despite Strong Sales

News 18  

The Chinese smartphone maker Xiaomi has surpassed Apple in global smartphone shipments in the third quarter of 2020, therefore securing the third spot for the first time, multiple market analysis reports highlighted. According to reports provided by market analytics firms IDC, Counterpoint, and Canalys, Samsung regains the top spot in terms of global smartphone shipment, beating Huawei that still holds …

Samsung’s profits soared in last quarter, but outlook is bleak
4 years, 4 months ago

Samsung’s profits soared in last quarter, but outlook is bleak

Al Jazeera  

Launch of new foldable smartphones reignited demand that had flagged because of coronavirus, but competition and weakness in Samsung’s chips business could hurt in the near future. Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 5 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

Samsung profit beats estimates after US sanctions hit Huawei
4 years, 5 months ago

Samsung profit beats estimates after US sanctions hit Huawei

Live Mint  

Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co. Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most …

Samsung expects smartphone demand to drive second half earnings
4 years, 7 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Qualcomm is the latest US tech name to back India’s Jio Platforms
4 years, 8 months ago

Qualcomm is the latest US tech name to back India’s Jio Platforms

CNN  

Hong Kong CNN Business — India’s richest man isn’t done with his fundraising spree just yet. Jio Platforms, the tech firm owned by billionaire Mukesh Ambani, has won another investment, this time from US chipmaker Qualcomm. The two companies announced Sunday that Qualcomm’s investment arm would pump up to 7.3 billion Indian rupees into Jio, in exchange for an equity …

Qualcomm Ventures to invest ₹730 cr in Jio Platforms for 0.15% stake
4 years, 8 months ago

Qualcomm Ventures to invest ₹730 cr in Jio Platforms for 0.15% stake

Live Mint  

Qualcomm Ventures, the investment arm of Qualcomm Inc., will invest ₹730 crore for a 0.15% stake in Jio Platforms Ltd, becoming the 12th entity to invest in the digital services subsidiary of Reliance Industries in over three months. Qualcomm offers deep technology know-how and insights that will help us deliver on our 5G vision and the digital transformation of India …

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