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China smartphone demand helps lift forecasts for chipmaker Qualcomm | Money | Malay Mail

News Snapshot:

The US chips firm forecast second-quarter revenue between US$10.2 billion and US$11 billion, above analysts’ estimates of US$9.61 billion, according to IBES data from Refinitiv. ? Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, Feb 2 — Qualcomm Inc posted record first-quarter revenue yesterday and beat Wall Street forecasts for the current quarter, boosted by strong growth in the Android business and demand from China’s handset makers. The US chips firm forecast second-quarter revenue between US$10.2 billion (RM42.7 billion) and US$11 billion, above analysts’ estimates of US$9.61 billion, according to…

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