What you need to know
- Qualcomm says that demand for chips is "growing like crazy" as the iPhone 12 helped propel it to a 62% rise in sales year on year.
Qualcomm has reported a 62% rise in sales year-on-year driven in part by demand for 5G and the iPhone 12.
From The Wall Street Journal:
As the report notes, these results are actually a bit of a disappointment, and shares fell after hours as Qualcomm failed to rise to investor's expectations.
Last week Apple reported record holiday quarter revenue of $111.4 billion, including iPhone sales of $65.6 billion, up massively on the previous year. From the announcement:
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9
How is this positive news for them when Apple is going to start making their own cellular modems?
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