Qualcomm's Smartphone Chip Revenue Declined by 26%

Qualcomm's smartphone chip revenue decreased by 26% in the last quarter. The company's performance in this segment coincided with a period when global smartphone shipments fell to the lowest third-quarter level in 14 years. Rising memory costs stand out behind the contraction in the sector. This cost increase has deepened the pressure on both phone manufacturers and consumers. The weak course in the smartphone market was also reflected in chip suppliers' revenues. The sharp decline in Qualcomm's phone chip revenue parallels the decline in shipments. The rise in memory costs is expected to continue affecting manufacturers' pricing and production decisions in the upcoming period. Not investment advice.

📊 QCOM — Piyasa Yorumu

▼ down · 55%

Qualcomm's 26% decline in smartphone chip revenue points to a serious weakening in the company's core business and could be priced in as negative news flow in the short term. However, the stock has risen 6.9% in the last 24 hours and the RSI is at 59, meaning it is not in overbought territory; this suggests the decline may be limited. The price is above the SMA20 (173.7 vs 165.6) but trading very close to the SMA50 (172.8), which should be monitored as a critical support level. Although the MACD is in negative territory, it is above the signal line, indicating momentum is weak but not completely deteriorated. I expect downward pressure in the short term due to the news, but a limited pullback in the nature of profit-taking is more likely after the 6% rise.

RSI 14

59.5

MACD

-0.66

24h Δ

6.86%

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