{
  "id": 18211239,
  "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-18211239",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-04T21:05:55.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/qualcomm-shares-slide-smartphone-weakness-clouds-growth-push-6525471"
  },
  "original_language": "en",
  "account": "On November 4, Qualcomm's shares dropped over 6 percent following the company's failure to meet Wall Street's estimates for smartphone chip sales in the fourth quarter. The decline was attributed to sluggish demand and a reduction in Apple-related revenue. Analysts had anticipated handset revenue of $5.25 billion, but Qualcomm reported a 26 percent drop in handset revenue to $5.14 billion, contributing to an 8 percent decline in overall data-center revenue. Despite these challenges, Qualcomm's CEO, Cristiano Amon, stated that Android handset sales had hit a bottom and were now showing signs of growth. He also highlighted the company's success in non-handset businesses, with a 70 percent increase in design wins projected for fiscal 2027. Qualcomm expects first-quarter revenue to range between $10.4 billion and $11.2 billion, with data-center sales anticipated to reach $650 million, surpassing analysts' expectations.",
  "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."
}