Qualcomm revenues up 7% y-o-y

For calendar Q1 (FY Q2) Qualcomm had  revenues of $5.2 billion up 7% y-o-y. Qualcomm said that Q1 demand for phones was down about 21% compared to its pre-coronavirus expectations. It also warned of lower phone shipments in calendar Q2. “Our guidance for the third quarter of fiscal 2020 (calendar Q2) being based on a ...

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