Thursday, 4 February 2021

Qualcomm reports massive increase in income, warns about chip shortage in H1 2021

Qualcomm has published its financial results for the past quarter, and they look mightily impressive. During the October-December period, marked as Q1 2021 in the fiscal year of the chip company, revenue increased 62%, while net income soared 165% from $925 million to $2.455 billion. However during a call with investors, CEO Cristiano Amon warned the company is struggling to meet demand and the industry is facing a global shortage for the next six months. (in $ million) Fiscal Q1 2021 Fiscal Q1 2020 Change Revenue $8,235 $5,077 62% ...

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