Qualcomm Chip Price Hike Could Push Up Smartphone And Gadget Costs – Channelnews
Cristiano Amon said Qualcomm will lift chip prices on September 1 to offset broad-based input cost increases and protect margins.
- On Wednesday, July 29, Qualcomm reported fiscal third-quarter earnings in line with analyst expectations, with CEO Cristiano Amon announcing price increases across the board starting September 1.
- Rising input costs across wafer fabrication, assembly, and memory are pressuring semiconductor margins industrywide. "Cost went up, prices are going to go up," Amon said, explaining the rationale for upcoming adjustments.
- The company reported $9.95 billion in revenue and $2.21 in adjusted earnings per share, tracking analyst estimates closely. Handset chip sales fell 20% to $5.1 billion, reflecting a bottoming in China.
- On Wednesday, Qualcomm finalized its acquisition of Modular to expand artificial intelligence software capabilities. The company plans to unveil its AI software platform at an August conference.
- Under CEO Amon's diversification strategy, Qualcomm targets 60% of revenue from non-smartphone sources next year while aiming for $5 billion in data center revenue. The company also aims to report $10 billion in automotive revenue by 2029.
19 Articles
19 Articles
Qualcomm's 1 Sept Price Hike Is Set to Push Flagship Android Smartphone Prices Past $1,000
Qualcomm has confirmed it will raise prices across most of its chip line-up by a double-digit percentage for products shipped after 1 September 2026. CEO Cristiano Amon was blunt about the reasoning in an interview: 'Cost went up, prices are going to go up.' The company cited a broad-based rise in input costs across wafer fabrication, assembly, testing, packaging and memory. Because Qualcomm's Snapdragon chips power a large share of the world's …
Qualcomm announced that it will raise the prices of all its chips starting this September, as it suffers from poor performance due to the slump in the smartphone market caused by soaring memory prices. To improve profitability, the company has embarked on a business restructuring, including full-scale entry into the AI data center semiconductor market and the presentation of mid-to-long-term revenue targets.
Qualcomm Chip Price Hike Could Push Up Smartphone And Gadget Costs – channelnews
Qualcomm is reportedly preparing to raise chip prices by double-digit percentages, adding further pressure to smartphone, wearable and laptop manufacturers already battling soaring component costs. The US chip designer has notified customers that the higher prices will apply to products shipped after September 1, according to Bloomberg, which reviewed a letter sent to Qualcomm’s hardware partners. Qualcomm reportedly told customers it could no l…
Qualcomm plans to increase the prices of its processors as of September 1, which will mainly affect smartphone chips as part of a strategy to expand their margins for the future.
The increase in the price of smartphones is no longer due solely to memory or storage components. Qualcomm has confirmed that it will increase the prices of all its processors from 1 September, a decision that may have a direct impact on the next high-end Android devices... but also on a part of [...] The Qualcomm article increases the price of its chips: Android smartphones could cost more has appeared first on BlogNT: the Blog of New Technolog…
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