Qualcomm Q3 sales down $1bn y-o-y

Qualcomm reported a calendar Q3 profit of $506 million on sales of $4.81 billion which were 17% down from $5.83 billion a year ago. The company expects calendar Q4 sales of between $4.4 billion and $5.2 billion. “We exit the fiscal year having successfully executed on our strategic priorities: helping to drive the commercialization of 5G ...

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