On February 6th, the stock price of Qualcomm, the world’s largest smartphone chip seller, fell about 4% after trading. Investors are concerned that the demand for new mobile phones may stagnate in the next year. Qualcomm expects quarterly revenue as of March to be between $10.3 billion and $11.2 billion, with technology licensing revenue expected to be between $1.25 billion and $1.45 billion, while analysts’ average estimate is $1.4 billion. The prospects of Qualcomm’s technology licensing business are based on predictions of mobile phone sales, which has raised concerns among some analysts about Qualcomm’s views on the prospects of the mobile phone industry. Akash Palkhiwala, Chief Financial Officer of Qualcomm, stated that the company expects the overall market to remain flat or record low single digit growth by 2025.
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