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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%Dec 22 3:59 PM EST
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From: Doren8/3/2023 10:53:39 AM
   of 213177
 
Qualcomm stock drops 10% as phone chip sales dive

Qualcomm shares fell about 10% in Thursday morning trading after weak guidance, income, and revenue.

The chipmaker is highly exposed to low- and high-end phone sales because its chips show up in so many Android phones.

Net income fell 52% year over year; handset chip sales declined 25% year over year.
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