Qualcomm beats on earnings, highlights growth in Meta smartglasses
1. Qualcomm exceeded earnings expectations with $2.77 per share, higher than $2.71 expected. 2. Meta's strong chip consumption contributed to Qualcomm's IoT revenue of $1.68 billion. 3. Qualcomm collaborates with Meta for AI applications in smart glasses and VR devices. 4. Ray-Ban smart glasses sales tripled annually, benefiting Qualcomm's bottom line. 5. Meta's AI strategy aligns with Qualcomm's focus on personal AI applications.