Qualcomm – Page 2

Apple Sees Biggest Rally of the Year After Sales Top Estimates

6May

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Technology

Apple Sees Biggest Rally of the Year After Sales Top Estimates

[ad_1] Apple Inc. rallied Friday after reporting a rebound in iPhone sales last quarter, helping the world's most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.The shares jumped as much as 5.1% to $174.20, the biggest intraday gain since Nov. 30. They're now up 34% in 2023. Overall revenue amounted to $94.8 billion in the fiscal second quarter, Apple said Thursday, exceeding the $92.6 billion analysts predicted. Though the sales fell 2.5% in the period, the company had warned investors to expect a drop of roughly twice that. The results suggest that Apple is beginning to recover from a slump that's plagued both the computer and smartphone industries. It's a particular relief for investors after Qualcomm Inc., a ...

Qualcomm Slides After Forecast Signals Phone Slump Will Drag On

5May

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Qualcomm Slides After Forecast Signals Phone Slump Will Drag On

[ad_1] Qualcomm Inc., the largest maker of smartphone processors, tumbled in late trading after a disappointing forecast signaled that demand for mobile devices remains sluggish — especially in China.Revenue will be $8.1 billion to $8.9 billion in the fiscal third quarter, Qualcomm said Wednesday in a statement, falling well short of the $9.25 billion average analyst estimate. That sent the shares down as much as 7.5% to $104.35. The outlook shows the challenge Qualcomm faces in navigating an industrywide downturn. Weak demand for phones has led to a buildup in handset chips — the company's main source of revenue. Chief Executive Officer Cristiano Amon has promised investors that once phone makers have worked through their inventory, the orders will bounce back. But that's taking longer...

Qualcomm, Nvidia spar for top spot in AI chip efficiency tests

8Apr

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Qualcomm, Nvidia spar for top spot in AI chip efficiency tests

[ad_1] Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday.Nvidia dominates the market for training AI models with huge amounts of data. But after those AI models are trained, they are put to wider use in what is called "inference" by doing tasks like generating text responses to prompts and deciding whether an image contains a cat. Analysts believe that the market for data center inference chips will grow quickly as businesses put AI technologies into their products, but companies such as Alphabet Inc's Google are already exploring how to keep the lid on the extra costs that doing so will add. One of those major costs is electricity, and Qualcomm has used its history designing...

Qualcomm looks to Europe court again to overturn antitrust fine

14Mar

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Qualcomm looks to Europe court again to overturn antitrust fine

[ad_1] U.S. chipmaker Qualcomm returned to Europe's second-top court on Monday seeking to overturn a 242-million-euro ($258.4 million) EU antitrust fine, a year after it convinced the same court to throw out a much bigger penalty in another antitrust case.The European Commission slapped the fine on Qualcomm in 2019 for selling its chipsets below cost between 2009 and 2011, in a practice known as predatory pricing, to stymie British phone software maker Icera, now part of Nvidia Corp. The company last year secured a major win as it convinced the General Court to scrap a 997 million euro EU antitrust fine in another case related to payments made to Apple to use only its chips in all its iPhones and iPads in order to block out rivals such as Intel Corp. Qualcomm lawyer Miguel Rato critici...

Snapdragon Satellite unveiled for Samsung Galaxy S23, iQOO 11, more; Know what it can do

9Feb

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Snapdragon Satellite unveiled for Samsung Galaxy S23, iQOO 11, more; Know what it can do

[ad_1] At CES 2023, Qualcomm Technologies, Inc. announced Snapdragon Satellite, which the company claims is the world's first satellite-based two-way capable messaging solution for premium smartphones. Snapdragon Satellite will provide global connectivity using mobile messaging from around the world, starting with devices based on the flagship Snapdragon 8 Gen 2 mobile platform. This means devices such as the Samsung Galaxy S23 series, iQOO 11, Oppo Reno 10 Pro Plus, Vivo X90 Pro Plus and similar devices will get this capability first. Check the details.“Kicking off in premium smartphones later this year, this new addition to our Snapdragon platform strongly positions us to enable satellite communication capabilities and service offerings across multiple device categories,” said Durga ...

Amazon Kicks Off Round of Job Cuts Affecting 18,000 People

19Jan

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Amazon Kicks Off Round of Job Cuts Affecting 18,000 People

[ad_1] Amazon.com Inc. has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe. Amazon.com Inc. has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe. Amazon began notifying employees by email early Wednesday, Doug Herrington, the company's worldwide retail chief, said in a memo. He said the company aimed to communicate with all laid-off workers in the US, Canada and Costa Rica by the end of the day. Notifications in China will be sent after the Chinese New Year, and in other regions the company must consult with employee representatives before finalizing layoffs. The world's largest e-commerce company is grappling with slowing online sales growth an...

Snapdragon 782G launches for midrange Android phones! Just check out its specs

23Nov

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Snapdragon 782G launches for midrange Android phones! Just check out its specs

[ad_1] The Snapdragon 782G is a successor to the Snapdragon 778G+ from last year with bumped up specs. Qualcomm is going through a nomenclature change across its chipset range, the last one being the Snapdragon 7 Gen 1. While this chip is yet to make a debut on any global smartphone model, Qualcomm has quietly announced a successor to the popular Snapdragon 778G+ chip, the one that powers the Nothing Phone (1). It is called the Snapdragon 782G (none of the new name shenanigans) and it comes with mild performance updates to keep midrange Android phones relevant.The Snapdragon 782G is based on the same basic architecture as the Snapdragon 778G+, using the same 6nm node. The chip also uses the same Adreno 642L and 8 Kryo 670 cores. The chip has a single Kryo 670 Prime core based on the C...

India says Xiaomi misled Deutsche Bank on ‘illegal’ royalty payments

4Nov

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India says Xiaomi misled Deutsche Bank on ‘illegal’ royalty payments

[ad_1] Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 mn of the company's bank assets. Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it had none, legal documents showed.Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 million of the company's bank assets saying a probe found the smartphone seller made "illegal remittances" to U.S. chip firm Qualcomm and others in the "guise" of royalties. Xiaomi denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the assets fre...

Wall Street sees little respite to Qualcomm’s smartphone gloom

4Nov

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Wall Street sees little respite to Qualcomm’s smartphone gloom

[ad_1] At least 14 brokerages lowered their price targets on the largest maker of smartphone chips on Thursday. Sales at Qualcomm Inc are slowing as the smartphone market heads for its worst contraction in years, and Wall Street analysts don't expect that to turn around anytime soon.At least 14 brokerages lowered their price targets on the largest maker of smartphone chips on Thursday after it gave a forecast $2 billion below market estimates and said it had extra inventory that could take half a year to clear. Shares, which have already lost more than a third of their value so far in 2022, were down nearly 8% before the bell. "We believe a weak market, and even a potential inventory correction was likely not entirely unexpected, though the magnitude is probably worse than what some m...

3Nov

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iPhone 15 Surprise! Apple Backtracks

[ad_1] Qualcomm Inc. will continue to provide the modem chips for the “vast majority” of iPhones in 2023, including iPhone 15. Qualcomm Inc. will continue to provide the modem chips for the “vast majority” of iPhones in 2023, a turnabout for a company that had expected to lose the business to Apple Inc.'s homegrown components.Qualcomm had planned to only provide about 20% of the 5G modem parts for the iPhone 15 in 2023, but now expects to retain its current foothold, according to comments that accompanied its earnings report Wednesday. The statement confirmed that Apple won't be moving to its own in-house modem design for next year's models. Since settling a lawsuit with Qualcomm in 2019 and agreeing to use that company's technology inside iPhones for the foreseeable future, Apple wen...