On February 4, 2021, Qualcomm (QCOM.US) released its first quarter (Q1) financial report for fiscal year 2021 after the U.S. stock market closed on Wednesday. The data showed that:
Qualcomm said that as 5G technology continues to develop, we will remain well positioned and expand our core technology roadmap to adjacent industries; strong 5G demand and growth in RF front-end, automotive and IoT adjacent fields drove record revenue for the chip business in the first quarter; due to the impact of the epidemic and reduced shipments in Greater China, global 3G, 4G, and 5G mobile phone shipments in the first quarter fell 7% year-on-year, while the previous assumption was a 5% decline; if it were not for tight supply, our performance and prospects would be stronger; it is expected that supply will return to normal in the second half of this year. Looking ahead to the second quarter of fiscal 2021 (Q2), Qualcomm expects:
After the financial report was released, Qualcomm's stock price fell more than 6% after the market closed because its Q1 revenue was lower than expected. via Futu NiuNiu |
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