![qualcomm’s-quarterly-results-mirror-broader-smartphone-market-decline-[techspot]](https://i0.wp.com/upmytech.com/wp-content/uploads/2023/08/136272-qualcomms-quarterly-results-mirror-broader-smartphone-market-decline-techspot.jpg?resize=800%2C445&ssl=1)
Qualcomm’s quarterly results mirror broader smartphone market decline [TechSpot]
View Article on TechSpot
Qualcomm’s results for the third quarter of fiscal year 2023 are rather clear. The San Diego-based corporation experienced a decline in sales and a steep reduction in earnings. Furthermore, the company is facing an inventory issue and does not foresee a quick recovery unless the global “macro environment” changes.