Best Phone Arena - News : Qualcomm cuts outlook for fiscal 2015, blames Samsung, Qualcomm has once more cut its revenue forecast for business 2015, with the corporate currently expecting a revenue of between $25 billion and $27 billion, compared to $26.3 - $28 billion it absolutely was expecting earlier. The chipmaker has additionally cut its earnings outlook for the year.
The warning comes from the company's report on its business second quarter, that saw a forty five decline in its year-on-year earnings.
"While we tend to stay assured within the important growth opportunities ahead, we tend to area unit reducing our QCT outlook for business 2015, primarily attributable to the enlarged impact of client share shifts inside the premium tier and a decline in our share at an outsized client," aforementioned corporate executive Steve Mollenkopf.
No points for guess that Mollenkopf was pertaining to Samsung, that ditched Qualcomm's flower 810 chipset in favor of its own Exynos 7420 for each new Galaxy models, the S6 and S6 Edge.
Mollenkopf additionally declared that the corporate can verify ways that to chop prices. "In addition to our in progress expense management initiatives, we've got initiated a comprehensive review of our value structure to spot opportunities to boost in operation margins whereas at a similar time extending our technology and products leadership positions," he said.
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