Smartphone Sales: Qualcomm prepares for more layoffs as smartphone sales drop
The decline in smartphone sales has had a negative impact on component vendors like Qualcomm. In Q3 of 2023, Qualcomm’s sales of mobile chips decreased by 25% compared to the previous year, totaling $5.26 billion. Additionally, the net income dropped by 52% year over year in the last quarter. Qualcomm anticipates a further decline in …