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Qualcomm issues weak profit forecast amid smartphone market slump
ONE REPORT·Published ·Event date ·Main source · Business Times
Story essentials
Qualcomm
United States
July 29, 2026
Original reports
Qualcomm provided a profit forecast for the current quarter that missed analyst estimates.
Smartphone market demand remains weak, impacting chip sales.
The company is shifting focus toward data center markets to reduce reliance on mobile devices.
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