Bloomberg Talks
Qualcomm CEO Talks Company Forecast
May 2, 2024
Qualcomm CEO Cristiano Amon discusses the company's positive outlook and the increasing demand for handsets. They delve into Qualcomm's stock surge, GNAI technology, market share dynamics, AI integration in devices, expansion into AI PC space, and their strong position in China's premium smartphone market.
10:05
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Quick takeaways
- Increased market demand for smartphones boosts Qualcomm's forecast, driven by higher-quality handset purchases.
- Qualcomm's focus on premium devices and technological leadership sustains steady business growth, despite geopolitical challenges.
Deep dives
Qualcomm's Success in the Chinese Smartphone Market
Qualcomm has seen a significant increase in its stock, thanks to the improving smartphone market globally, particularly in China. Sales to Chinese handset makers surged by 40%, driven by users purchasing better phones, especially flagships with GNAI technology. This growth trend is expected to continue, indicating the resilience and stability of the Android flagship market in China.
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