Qualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecast

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• Economic TimesLean R·2h ago

  Qualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecast

  Qualcomm's stock has seen a notable drop following its alert about escalating memory costs. Increased expenditures and rising prices are expected to strain profit margins in the immediate future. The firm has projected an adjusted earnings per share that falls short of analysts' estimates. Additionally, Qualcomm's share in the modem supply for the upcoming iPhone will significantly decrease.

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