On April 30, Qualcomm released its financial report for the second quarter of 2020. The financial report showed that Qualcomm’s second quarter revenue was 5.21 billion US dollars, or about 36.7 billion yuan, a year-on-year increase of 6.6%, exceeding analysts’ expectations. up 5%.
Despite the strong second-quarter earnings report, Qualcomm said that mobile phone sales fell 21% in the quarter, and Qualcomm also expects mobile phone sales to fall further to 30% in the third quarter, and this is taking into account Conclusions in the case of China’s economic recovery.
The financial report shows that Qualcomm sold 129 million basebands in the second fiscal quarter and expects to sell 125-145 million basebands in the third fiscal quarter.
Regarding 5G, Qualcomm expressed optimism very unexpectedly. It is expected that 175-225 million 5G mobile phones will be shipped this year, which remains unchanged from the previous forecast. Qualcomm said: Looking forward to the second half of 2020, 5G network deployment in some regions will Delays, but overall, 5G is on track.
It is also worth mentioning that the average price of chips sold by Qualcomm in the quarter was $31.8, much higher than the previous $23, and the average price of chips rose sharply by 38%. As for the reason, it should be due to 5G chips and high-end chips. Demand for chips has grown, which is also part of the reason for the general rise in smartphone prices this year.
The Links: 2DI300A-050D NL8060BC31-47D