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Qualcomm shares drop following weak quarterly earnings forecast

Outlets report that Qualcomm shares dropped following a weak earnings forecast and declining smartphone sales.

Qualcomm headquarters
Photo · Coolcaesar at en.wikipedia / Wikimedia Commons · CC BY-SA 3.0 · shown in black and white

At a glance

  • Qualcomm issued a weak earnings forecast leading to a drop in its stock price.13
  • The company reported declining smartphone sales.12

Qualcomm shares fell following the release of a weak quarterly earnings forecast.13

The company reported that smartphone sales have decreased.12

Pressures on sales include memory costs and smartphone demand.13

Where sources agree

  • Qualcomm stock fell or dropped3 of 3
  • Smartphone sales are declining3 of 3

Who covered this

3 National

Sources

  1. 1CNBCQualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales ↗
  2. 2The VergeQualcomm is betting big on data centers as smartphone sales sink ↗
  3. 3MarketWatchQualcomm’s stock falls as twin forces pressure sales ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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