Smartphone demand gives Qualcomm revenue a massive shot in the arm

Smartphone demand - Qualcomm Snapdragon processor for mobile

The company’s revenue spiked by 52 percent, driven primarily by handset shipments. Smartphone demand over the last year has sent Qualcomm revenues and share prices skyward as the chipmaker saw massive fiscal second quarter earnings. The company’s recent earnings report substantially exceeded analyst estimates for the quarter. The company’s share prices rose 6 percent on the news of its fiscal Q2 earnings in 2021. The company’s high revenues are credited to the massive smartphone demand as a result of the global pandemic. Qualcomm saw an adjusted $1.90 per share, when…

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