Reading Time: 1 minute
Qualcomm (QCOM) underscores its diversification strategy at the investor day and is likely to tend towards an all-time high again. The highlight is the raised non-handset revenue forecast from $22 billion to $40 billion. As a result, the chip business with smartphones, currently accounting for two-thirds of revenue, is expected to only account for one-third of the revenue mix. By 2029, approximately $10 billion is planned for the automotive business (with a pipeline already at $65 billion), and $14 billion in the IoT segment around industry, robotics,...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
