Mizuho analyst Vijay Rakesh hosted its quarterly handset industry call on the 5G and Handset outlook. The call noted global handset shipments could now be flat Y/Y, with elevated inventories into the September quarter and potential price competition driving better units but pinching profitability. While near-term demand remains weak, Rakesh believes demand tailwinds remain in the 2H23, as its expert noted China June quarter at ~74 million units, up ~17% Q/Q, and 2H23 up 15% H/H (Positive for Qualcomm Inc (NASDAQ: QCOM)) with 5G handsets in 2023 in China potentially ~239 million units, up ~6% Y/Y. Rakesh believes his speaker...