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Qualcomm automotive revenue grows 89% amid handset revenue decline

The Motley Fool +1 · ·by G4L

QCOM Qualcomm Inc
$171.47 +3.66%
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AAPL +2.43%
  1. 1Qualcomm shares fell 10% following the company's fourth-quarter earnings release.
  2. 2Qualcomm recorded an 89% growth rate in automotive revenue.
  3. 3The company projected a growth rate of over 60% for non-handset revenue in fiscal year 2027.

So what's the key point?

Qualcomm's stock price dropped 10% after its earnings announcement. Automotive revenue grew by 89%, and non-handset revenue is expected to grow by more than 60% in fiscal year 2027.

Source The Motley Fool +1 · View original ↗

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