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Qualcomm cuts outlook again as Snapdragon sales slow

Thursday 23 April 2015 | 08:10 CET | News
Qualcomm lowered its full-year outlook, citing a loss of customer share, particularly with one large customer, in the premium smartphone market. The chipmaker also announced a major cost review in an aim to shore up its margins. The news came alongside results for its fiscal second quarter to March, showing revenues up 8 percent year-on-year to USD 6.9 billion, in line with the company's outlook. MSM shipments rose 24 percent to 233 million, also as expected. Operating profit fell 33 percent to USD 1.3 billion, and EPS was down 45 percent to USD 0.65, well below Qualcomm's forecast due to a

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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