Qualcomm’s Q4 Hit Hard by Weak Handset Demand
For Q4 2022, Qualcomm reported revenue of $9.46 billion compared to $10.7 billion in the same quarter of 2021, representing an 11.6% decline in revenue. Handsets, the company’s largest unit, is blamed for the revenue shortfall. Qualcomm reported a significant miss for the final quarter of 2022 due to weaker-than-expected handset demand and inventory drawdown, … Read more