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Qualcomm chip sales down 25 percent, plans layoffs

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arstechnica.com/gadgets/2023/08/qualcomm-feels-the-heat-of-slow-smartphone-sales-chip-sales-down-25-percent

Smartphone sales are down across the board, and that means component vendors like Qualcomm are also feeling the heat. The company's Q3 2023 earnings (Qualcomm's fiscal year is October-September) have handset chip sales down 25 percent year over year, with net income down 52 percent year over year. The company also issued lower-than-expected guidance for the next quarter, all…

This story from arstechnica.com was posted on 2023-08-04 by @sunbeam.

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