Sales to Android phone manufacturers help Qualcomm report a strong quarter
During the conference call, the executive discussed the global chip shortage and said, “Despite ongoing challenges across the global supply chain, our multi-sourcing and capacity expansion initiatives will provide incremental improvements to our supply throughout the year.”
As we just mentioned, QCT is the Qualcomm business segment that is its largest and is the one responsible for mobile components. That division generated $5.98 billion in revenue related to handsets during the fiscal first quarter, a 42% gain from the $4.22 billion in revenue generated by sales related to phones in the year-ago quarter. This indicates strong demand for Snapdragon chips by Android manufacturers.
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