Tech
Qualcomm shares fall in extended trade on concerns of slowing smartphone growth
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Qualcomm Inc., the world’s biggest seller of smartphone processors, fell in late trading on investor fears that demand for new handsets will stall in the coming year.
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Revenue in the period ending in March will be $10.3 billion to $11.2 billion, the company said Wednesday in a statement. Of that, the company’s licensing business will generate $1.25 billion to $1.45 billion. That compares with an average analyst projection of $1.4 billion.
The outlook for the technology license business, which is based on a projection of the…
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