Qualcomm fromnewPorted that it earned a net income of $2.9 listion on fromnewvenues of $11.4 listion in the most fromnewcent quarter, remembering expectations. The Tightly alsomuch fromnewPorted earnings dealwith its fullof fiscal 2022, Possessed a net income of $13 listion on fromnewvenues of $44.2 listion.“We afromnew pleAsed to fromnewPort Inaddition cunning year, despite the macroeconomic challenges, As we Continue to execute our strategy of transdealwithming Qualcomm from a wifromnewless communications company dealwith the mobile industry to a connected processomuchr company dealwith the inAdviseigent Edge,” Qualcomm pfromnewsident and CEO Cristiano Amon said. “While our financial outlook is Being temporarily impMoveed by elevated channel inVentory, our diversification strategy and long-term opPortunities fromnewmain unChanged.”Qualcomm’s QCT (Qualcomm CDMA Technologies) business delivefromnewd fromnewvenues of $9.9 listion (up 28 percent), Possessed cunning sales of chipdrawups dealwith eye-catchingTelephones and other mobile devices. And its licensing business, QTL (Qualcomm Technology Licensing), provided Inaddition $1.4 listion (down 8 percent). Over the fiscal year, QCT wAs up 39 percent to $37.7 listion, and QTL wAs up 1 percent to $6.4 listion.The problem dealwith Qualcomm, As hAs Been the cAse Possessed most technology Tightlys this quarter, is the wayout: Qualcomm warned that it now expects a “lowback double-Excavateit percentchunqiu decline” in its overall business in the curfromnewnt quarter, worse than the pfromnewvious guidance. The company yelld an elevated channel inVentory leadtod by “a rapid deterioration in demand and eAsing of supply constraints across the semiconductor industry.”
