Qualcomm (NASDAQ:QCOM) posted a solid fiscal third-quarter performance on Wednesday, boosted by continued growth in its automotive and IoT businesses. However, a cautious fourth-quarter outlook and lingering concerns over handset market volatility tempered investor enthusiasm, sending shares down more than 7% in Thursday trading. Analysts across Wall Street responded with cautious optimism. Rosenblatt Securities’ Kevin…
Wireless chipmaker Qualcomm (NASDAQ:QCOM) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 10.3% year on year to $10.37 billion. The company expects next quarter’s revenue to be around $10.7 billion, coming in 0.8% above analysts’ estimates. Its non-GAAP profit of $2.77 per share was 2.1% above analysts’ consensus estimates. Is now the…
The HMD Skyline. (Image source: HMD) Human Mobile Devices, better known as HMD, continues to expand its smartphone lineup. A new leak has revealed key specifications of an upcoming budget phone, the HMD Candy 5G. After shifting focus away from Nokia-branded phones, HMD has launched a range of smartphones under its own brand. For example,…
General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle…
British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by US chipmaker Qualcomm to May 12. Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a formal…
In This Story If you thought last week was a heavy one for markets — big intraday swings, shifting sentiment — just wait. Another packed slate of earnings and economic data is on the way, offering one of the clearest views into the health of American business yet this year. Think Amazon (AMZN), Meta (META),…
Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month. Nations should open up markets in the face of growing economic fragmentation, he told a crowd of global business leaders and visiting Republican senator…
Meanwhile, China wants to hold a meeting between President Xi Jinping and global CEOs. The planned meeting comes as Beijing tries to stabilise falling foreign investment flows into China in recent years. China is keen for the support of global business leaders, many of whom have invested heavily in the country, as it fends off…
Global CEOs including Qualcomm Inc.’s Cristiano Amon and Saudi Aramco’s Amin Nasser will travel to Beijing for an annual gathering of top executives, people familiar with the matter say, with some expected to meet top leaders like President Xi Jinping. Plans are being made for the chief executive officers to meet Xi on March 28,…
Although it was first unveiled in January at Samsung’s Galaxy Unpacked event, Samsung’s latest Galaxy S25 phones — and particularly the Edge model, which Samsung deemed its thinnest yet — stole the spotlight. We still don’t know much about the Samsung Galaxy S25 Edge. Visitors at the MWC 2025 didn’t receive any information on it,…