Qualcomm forecasts strong Q1, expects 5G phones to become mainstream

Qualcomm predicted sales of 5G smartphones to be more than half a billion units next year. The firm is the biggest supplier of 5G smartphone processors and modem chips. Qualcomm hopes it to become mainstream in mobile phones. A trend started by Apple’s first 5G phones launched recently. Revenue from its chip segment was $4.97 bn in its fiscal fourth quarter. It shipped 162 mn 5G chips during this the fiscal quarter with a higher avg selling price of $30.9.

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