Stock Futures Fall as U.S. Government Debt Downgraded
Stock futures took a tumble on Thursday, indicating that the equities market would continue its downward trend. The drop in stock futures followed a downgrade in U.S. government debt. Amidst…
Qualcomm Grows Earnings by 67% In Q2 2022 After Record Revenues
(Qualcomm) Qualcomm Incorporated reported a net income of $2.934 billion in the second quarter of 2022, an increase of 67% from the previous year. The company’s revenue hit a record…
Qualcomm FY21 Revenues Jumps 43% but Q4 Net Income Fall
(Qualcomm) Qualcomm Inc. reported revenues of $33.5 billion in the fiscal year 2021, up 43% from the prior year. Fourth quarter revenues were reported at $9.34 billion, up 12% from…
MediaTek Takes No. 1 Spot in Chip Market as Qualcomm’s Plunges on Huawei Sanctions
Qualcomm’s market share of China’s smartphone chip market fell to 25.4% in 2020 from 37.9% in 2019 while shipments shrank 48.1%, according to CNBC. The so-called system on chips (SOC)…
Qualcomm to Challenge Apple, Intel with $1.4 Billion Acquisition of Chip Startup
Qualcomm Inc. will acquire Nuvia Inc., a chip startup founded by Apple veterans, for $1.4 billion, according to release. The company plans to put the firm’s technology into its smartphone,…
Qualcomm Fourth Fiscal Results Beat Estimates. Issues Guidance
Qualcomm reported Q4 revenues of $6.50 billion, up from expected $5.94 billion and above $4.8 billion in the comparable quarter of 2019, according to the company’s press release. Q4 earnings…