Qualcomm slides after placing a lack of telephone chips sales | Company Business News

(Bloomberg) – Qualcomm Inc., the largest manufacturer of slides running smartphones, fell into the late trading after lacking growth in that market, which fueled the concern that rates would take a large amount on the industry. Telephone -related sales rose 7% to $ 6.33 billion in the fiscal third quarter, which ended on June 29, Qualcomm said in a statement on Wednesday. The average estimate of the analyst was $ 6.48 billion, according to the data compiled by Bloomberg. The results contribute to the broader fear of threatening a revival of the chip growth. Over the past few days, chipmakers like Texas Instruments Inc. and Intel Corp looked carefully, causing concerns to be short -lived. Qualcomm shares fell by more than 6% after the announcement of Wednesday. The Chipmaker share held the revenue report on the way to a general rally by semiconductor supplies this year. Poor Holdings PLC, another chip technology provider serving the smartphone industry, also reported results on Wednesday. The shares dropped after a profit forecast came under the estimates, injured by spending on new products. Qualcomm revenue in the quarter ending in September is $ 10.3 billion to $ 11.1 billion, the company in San Diego said. This compares with an average estimate of $ 10.6 billion. The third -quarter profit was $ 2.77 per share, with the exception of some items. Revenue earned 10% to $ 10.37 billion. Wall Street predicted a $ 2.72 per share and sales of $ 10.33 billion. Revenue from slides used in vehicles increased by 21% to $ 984 million. Meanwhile, semiconductor sales have climbed 24% to $ 1.68 billion. Qualcomm provides processors and modems that are the most important components of the world’s most advanced smartphones. The chipmaker also collects fees calculated as a percentage of the cost of a cellphone, regardless of whether the telephone manufacturer uses its chips. A continuous challenge for Qualcomm is Apple Inc. ‘s decision to make his own fashion chips for the iPhone. Qualcomm told investors to expect its supplies in the device to be fully replaced, but delays in developing an Apple part extended this transition. Apple currently has an internal modem in one of its iPhones, the low-end 16th. (Update shares from the fourth paragraph.) More stories like this are available on Bloomberg.com © 2025 Bloomberg LP