Qualcomm Shares Sink as Smartphone Slowdown Continues

The transcript discusses Qualcomm's market performance, highlighting a significant drop in stock value due to a slowdown in the smartphone market. Qualcomm forecasts a decrease in smartphone handset sales and is taking cost reduction measures, including headcount reduction. The company is also dealing with inventory issues as manufacturers are not placing new orders. Additionally, Qualcomm's modem will be used in the next-generation iPhone, although future collaborations with Apple remain uncertain.

What was the main reason for Qualcomm's significant stock price drop?

• Changes in company leadership

• Introduction of a new competitor

• Severe slowdown in the smartphone market

• Increase in production costs

How does Qualcomm's sales forecast compare to analysts' expectations?

• It matches the expectations

• It is not mentioned

• It is higher than expected

• It is below the expectations

What is the expected trend for the smartphone handset market this year?

• Increase by low single digits

• Remain stable

• Increase by double digits

• Decrease by high single digits

What is included in Qualcomm's cost reduction program?

• Acquisition of new companies

• Expansion of production facilities

• Headcount reduction

• Increase in marketing budget

What is Apple's potential plan regarding its chipsets?

• Outsource to a new supplier

• Produce its chipsets internally

• Stop producing smartphones

• Continue using Qualcomm's modems indefinitely