Qualcomm forecasts weak quarterly profit, sees faster drop in Apple revenue

MacDailyNews
Jul 29, 2026, 4:12 pm124 ptsTrending
Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business. In an interview with Reuters, CEO Cristiano Amon said costs had risen not just for memory…

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