Qualcomm Earnings Reflect Smartphone Market Maturity

By | July 22, 2014

Scalper1 News

Qualcomm (QCOM) will report quarterly earnings after the market close Wednesday amid growing saturation in the smartphone market, a potential hurdle for the No. 1 maker of cellphone chips as its stock today reached a more-than 14-year high. The company is expected to report revenue of $6.52 billion for its fiscal Q3 ended June 30, up 4.5% from the year-earlier quarter. The slowdown in revenue growth largely reflects a maturation at the high end of Scalper1 News

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