Friday, 24 March, 2023

Qualcomm reaps benefits of diversification, as forecasts beat estimates

<p>Amidst soaring demand for chips in electronics and automobiles, Qualcomm Inc has forecasted revenues for the current quarter exceeding expectations. Qualcomm, which is the largest supplier of chips in the world, has put in efforts to diversify and has benefited from them, while competitors have struggled in the global chip shortage. Qualcomm announced adjusted earning per share to grow between $2.9 and $3.1 beating the market estimate of $2.59.<br /> &nbsp;</p>