{
  "id": 18208793,
  "title": "Qualcomm shares slide as smartphone weakness clouds growth push",
  "url": "https://urgent.news/2026/11/04/qualcomm-shares-slide-as-smartphone-weakness-clouds-growth-push",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-04T21:05:55.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/qualcomm-shares-slide-smartphone-weakness-clouds-growth-push-6525471"
  },
  "original_language": "en",
  "account": "Qualcomm shares declined as smartphone weakness cast doubt on the company's growth plans. The chip maker missed Wall Street estimates for fourth-quarter smartphone chip sales, citing sluggish demand and falling Apple-related revenue. While revenue from Qualcomm's data-center segment surpassed expectations, investors were more concerned about the sharp decline in the company's core business. Global smartphone shipments plummeted 20% in the September quarter to a 14-year low, driven by rising memory chip costs and high demand for AI data centers. Revenue from Qualcomm's handset unit, which manufactures smartphone chips, dropped 26% to $5.14 billion in the fourth quarter, pulling down the chip segment's revenue by 8% to $9.02 billion. Analysts had anticipated handset revenue of $5.25 billion. Qualcomm CEO Cristiano Amon stated that Android handset sales had hit a bottom and were starting to rise again. He emphasized that the company had anticipated the memory challenge and prepared for it. Amon also mentioned that the first-quarter fiscal 2027 forecast, released on Wednesday, excludes any sales from Apple, while Qualcomm has secured deals with other customers outside the smartphone industry. The company expects a 70% year-over-year increase in design wins in fiscal 2027, with Apple removed from the equation. Qualcomm foresees non-handset revenue replacing Apple entirely, with a 60% year-over-year growth in non-handset business leading up to fiscal 2027.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Qualcomm’s smartphone chip sales miss estimates, shares fall",
        "url": "https://urgent.news/2026/11/04/qualcomms-smartphone-chip-sales-miss-estimates-shares-fall-18197342",
        "published": "2026-11-04T22:26:20.000Z"
      },
      {
        "outlet": "The Verge",
        "title": "Qualcomm is betting big on data centers as smartphone sales sink",
        "url": "https://urgent.news/2026/11/04/qualcomm-is-betting-big-on-data-centers-as-smartphone-sales-sink",
        "published": "2026-11-04T22:42:15.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Qualcomm shares slide as smartphone weakness clouds growth push",
        "url": "https://urgent.news/2026/11/04/qualcomm-shares-slide-as-smartphone-weakness-clouds-growth-push-18209138",
        "published": "2026-11-04T23:42:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}