💨 Abstract

Qualcomm, a leading smartphone chip supplier, forecasts Q1 sales and profits exceeding Wall Street estimates due to a wave of Chinese smartphone launches. The company's shares rose 5.5% in extended trading. Qualcomm derives 46% of its revenue from China and believes tariffs are not influencing sales. However, the long-term impact of Apple's move to develop its own modem chips is uncertain.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖