HawkInsight

  • Contact Us
  • App
  • English

Qualcomm announces third-quarter 2023 earnings: mobile phone chips drag down results, plans to cut jobs and cut costs

Qualcomm Announces FY 2023 Third Quarter Results (Ended June 25, 2023) with Quarterly Revenue of 84.$5.1 billion, compared to 109 in the same period in the previous fiscal year..$400 million down 23%; net profit at 21.$05 billion, compared to 42 in the same period last fiscal year..$400 million down 52%; diluted earnings per share of 1.$6, compared to $3 for the same period in the previous fiscal year..$29 down 51%。Revenue from Qualcomm's business unit responsible for selling mobile phone chips fell 25% year-on-year to 52.$600 million, sparking market concerns, which led to a fall in share prices。

·Original

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.