Qualcomm Inc. reported a revenue forecast for the quarter ending June that was below analyst expectations, triggering a significant drop in its stock price. The company anticipates revenue between $9.9 billion and $10.7 billion, which rekindles fears about the impact of ongoing trade tensions between the US and China on its primary market. Though Qualcomm hasnât faced direct tariff effects yet, concerns linger over indirect consequences that could arise, impacting their key relationships with Chinese smartphone manufacturers. CEO Cristiano Amon reaffirmed focus on their technology roadmap despite macroeconomic uncertainties.
Qualcomm's disappointing revenue forecast has raised concerns about the impact of potential tariffs on smartphone demand, particularly given the importance of the Chinese market for its products.
The current macroeconomic climate has led Qualcomm to emphasize its strong technology roadmap and customer relationships, even amidst fears of a looming trade war.
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