May 2, 2024, 4:03 PM
May 1, 2024, 8:00 PM

Qualcomm's AI-driven forecast beats estimates, boosts Chinese smartphone market

Highlights
  • Qualcomm's upbeat guidance on smartphone demand led to a 40% jump in sales to Chinese smartphone makers.
  • Buyers are increasingly opting for higher-priced devices capable of accommodating AI chatbots.
  • IDC analyst predicts Chinese vendors will shift towards Qualcomm's high-end chips over MediaTek.

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