Due to the unsafe economic prospects due to the irregular customs policy of the US President Donald Trump, Qualcomm delivered rather disappointing prospects on Wednesday. It is unclear what effects the extra taxes and “related measures” had on the further company, warned the world’s largest supplier of smartphoneecchips.
“While we navigate through the macro -economic and trade policy environment, we focus on the factors that we can control,” the company boss Cristiano Amon emphasized. This included the development of trend setting products and the diversification of the range of offers.
For the current quarter, the company promised the turnover from $ 9.9 to $ 10.7 billion (9.41 billion euros) and an adapted profit between $ 2.60 and $ 2.80 per share. The Qualcomm share fell by six percent after the display was announced. However, the figures for the past quarter were above market expectations. According to the information, sales increased by 17 percent to $ 10.98 billion and the net profit by 21 percent to $ 2.81 billion.
Trump’s customs policy as an uncertainty factor
Computer chips and some electronics articles are excluded from the American rates, but only temporarily. Analyst Kinngai Chan of the Insights of Research-Hause Summit explained that the uncertainty due to the leaking politics of Trump’s steaming politics of numerous products in which Qualcomm, Qualyst Kingagai Chan of the Research House Summit Insights. Another stress factor is to develop the efforts of the great customer Apple to develop fashion chips for his smartphones themselves in the future. So far, the iPhone provider has contributed 27 percent to the sale of Qualcomm.
To dampen possible losses in this area, the group is increasingly involved in the production of chips for cars and PCs. Qualcomm hopes great hope for the “Snapdragon X Elite” processor designed for Microsoft’s operating system “Windows”. With him, the company wants to chase the Tophond Intel and AMD.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
