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Wireless

Qualcomm forecasts lower results as smartphone market slows

Thursday 23 July 2015 | 09:30 CET | News
Qualcomm reported results for the June quarter down in line with its expectations and forecast a further decline in the next quarter on the slowdown in China's smartphone market and weaker demand for high-end devices. For its fiscal third quarter June, Qualcomm reported revenues down 14 percent year-on-year to USD 5.8 billion, and EPS fell 44 percent to USD 0.73. Operating cash flow was down 21 percent to USD 2.1 billion. MSM chip shipments were flat at 225 million, while estimated 3G/4G device shipments in the market rose 15 percent to around 290 million. Qualcomm cut the outlook for its

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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