Qualcomm's smartphone chip sales miss estimates, shares fall

A man walks past Qualcomm 6G placard at the Mobile World Congress (MWC) at Fira de Barcelona, Spain, March 2, 2026. REUTERS/Albert Gea

Nov 4 (Reuters) - Qualcomm on ⁠Wednesday fell short of Wall Street estimates for fourth-quarter revenue from its smartphone chips on sluggish demand and declining Apple-related revenue, sending its shares ⁠down more than 4.5% in extended trading.

Demand for lucrative high-bandwidth storage for AI servers has pushed up memory chip prices, raising the ‌cost of consumer electronics and squeezing smartphone processor designers such as Qualcomm. Global smartphone shipments fell 20% in the September quarter to a 14-year low, according to Counterpoint Research.

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2026年3月2日，一名男子走过西班牙巴塞罗那会展中心举行的世界移动通信大会（MWC）上的高通6G展台。路透社/阿尔伯特·吉亚

11月4日（路透社）——由于需求疲软和苹果相关收入下降，高通公司周三公布的第四季度智能手机芯片收入低于华尔街预期，导致其股价在盘后交易中下跌超过4.5%。

对人工智能服务器高带宽存储的巨大需求推高了内存芯片价格，进而推高了消费电子产品的成本，并挤压了高通等智能手机处理器制造商的生存空间。据Counterpoint Research的数据显示，全球智能手机出货量在9月份季度下降了20%，创下14年来的新低。

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