Tag Archives: Qualcomm Forecasts Weak Profit

Qualcomm Forecasts Weak Profit as Demand Slows for Mobile Chips

Qualcomm Inc forecast current-quarter profit below analysts’ expectations as demand weakens for its chips used in mobile devices in a slowing market. The company, whose customers include Apple Inc, said it expected its mobile chip shipments to fall by 16-25 percent in the second quarter from a year earlier. Qualcomm also expects 3G and 4G device shipments to decline by ... Read More »