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Qualcomm reported record revenues of $11.7 billion for its fiscal first quarter, surpassing expectations, driven by strong demand in China and gains with Samsung in the handset market. Analysts expressed concerns over the impact of tariff risks and the expiry of its licensing agreement with Huawei, leading to varied price targets among firms. Despite these challenges, the company remains optimistic about future growth in non-handset revenues, particularly in automotive and IoT sectors.
Kevin Cassidy
People
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qualcomm reports record revenue amid analyst concerns over tariffs and huawei
16:56 06.02.2025
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