Qualcomm Forecasts Robust Smartphone Sales Revenue Growth Amid Market Expansion

[Qualcomm Expects Strong Growth in Smartphone Sales Revenue]

Qualcomm (QCOM.O), the world's largest smartphone processor vendor, has announced its sales forecast for the current fiscal quarter, exceeding market expectations, indicating that demand for high-end smartphones remains strong as the company makes progress in new markets. The company expects revenue for the current quarter ending in March to reach $10.3 billion to $11.2 billion, above analysts' average forecast of $10.4 billion. Although the overall smartphone market is no longer expanding as rapidly as before, Qualcomm's advantage as a semiconductor supplier for expensive devices such as Samsung Electronics' Galaxy series helps drive its growth. The company's efforts to expand into automotive and personal computer markets beyond its core business also contribute to boosting revenue growth.