Tag Archives: qcom

Apple, GoPro, FitBit Chip Suppliers Enter IoT Melee

Apple (AAPL) chip suppliers Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qualcomm (QCOM) and InvenSense (INVN) are making early inroads into the nascent Internet of Things, whose development is forecast to yield economic impact in the trillions of dollars by 2025. But it’s early days yet — even an Ambarella (AMBA)-powered GoPro (GPRO) couldn’t fly high enough in 2015 to spot the ultimate IoT-age winner. ‘Move The Needle’ The market is forecast

Apple Supplier Qualcomm Downgraded Amid China Trouble

As Chinese negotiations continue to pummel Apple (AAPL) chip supplier Qualcomm (QCOM), another investment bank slashed its price target on the stock — at least the seventh to do so in a week. Last week, Qualcomm reported an 18% dip in September-quarter (fiscal Q4) sales to $5.5 billion and 91 cents earnings per share ex items, down 25% vs. the year-earlier quarter. The company also issued December-quarter guidance that missed Wall Street views.

Apple Supplier Qualcomm Stunted By China Negotiations

Tough negotiations with and underreporting by Chinese smartphone makers stunted Apple (AAPL) chip supplier Qualcomm’s (QCOM) fiscal Q1 guidance and, on Thursday, shares continued a drastic plunge. In early-afternoon trading in the stock market today, Qualcomm stock was down 14%, near 52, following the chipmaker’s late Wednesday fiscal Q4 earnings report. For Q4, Qualcomm reported an 18% dip in sales to $5.5 billion and 91 cents earnings per share