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@ 2022/11/04Predicting a ‘double-digit’ drop in phone sales
Anyone hoping to make money on smartphones this year is going to have a disappointing time, warned Qualcomm in its latest results.
Qualcomm predicted that phone sales will be down much more than expected in 2022 due to the "uncertain economic environment."
“Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit percentage decline,” Qualcomm wrote.
The company said that there had been a “rapid deterioration in demand” and “easing of supply constraints” in the semiconductor industry which means that chipmakers have far too much inventory and that Qualcomm’s largest customers are having to draw down their inventory.
Anyone hoping to make money on smartphones this year is going to have a disappointing time, warned Qualcomm in its latest results.
Qualcomm predicted that phone sales will be down much more than expected in 2022 due to the "uncertain economic environment."
“Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit percentage decline,” Qualcomm wrote.
The company said that there had been a “rapid deterioration in demand” and “easing of supply constraints” in the semiconductor industry which means that chipmakers have far too much inventory and that Qualcomm’s largest customers are having to draw down their inventory.
