Qualcomm advances on smartphone market revival, Ch | English Motivation

Qualcomm advances on smartphone market revival, Chinese handset launches Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo Qualcomm shares rose 4 per cent on Thursday after the chip designer's strong quarterly revenue forecast fanned investor optimism about a China-led recovery in the smartphone market. The company, the biggest supplier of smartphone chips, will add around $8 billion to its market value, if the gains hold. It forecast both first-quarter sales and adjusted profit above market estimates on Wednesday, signaling the smartphone market was picking up after a tough 2023 as consumers upgrade devices for AI apps such as chatbots and image generators. Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo. ©SHIRSENDU KARMAKAR #Qualcomm