Thanks for the Rasgon interview. Note he uses the terms multi-billion $ opportunity. The last question for the CC yesterday also used the term.
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Conference Operator: The next question comes from the line of Ben Rice with Mellanox Research. Please proceed with your question.
[BR] Hey, guys. Thanks a lot. I just wanted to touch back on the data center again. So you’re going to be updating us in the next calendar year. Previously, you had an analyst day where you put out these long-term targets for 2029. I would assume that the smallest opportunity was in XR at $2 billion. I would assume if we’re going to have an event and go through something like this, this has the opportunity to be something pretty material, bigger than the smallest opportunity outlined at the last analyst day. It was $2 billion for XR by 2029 and more like another multi-billion opportunity. Can you guys clarify that?
Cristiano Amon, President and CEO, Qualcomm: Yeah, Ben, that’s a great observation. I think we’re seeing this market take off very fast, especially AI smart glasses. We definitely feel like we’re significantly ahead of the guidance that we had provided and very significant upside opportunity. I mean, if you kind of step back and think about the broader opportunity around personal AI, and you could think of it as the glasses form factor or the watch form factor or hearables form factor, this could be a very, very large market. If that plays out as we suspect it might, it would create significant upside opportunity.
[BR] Yeah. Sorry. Just to clarify, though, my question, and I appreciate that, is that if you’re going to outline the data center opportunity and have a special event. Could we assume that it’s a multi-billion opportunity, something that you would call out that’s at least as big, if not bigger, than anything you laid out at your last analyst day, which is the smaller opportunities are $2 billion-$4 billion?
[CA] Ben, no, thanks for the question. I understand it now. Yes, it’s upside on that number. Success in this area, I think, presents to us a potential multi-billion dollar revenue opportunity in a couple of years. That’s how we’re thinking about it right now.
Best -ku |
