1. Qualcomm posted $10.9 billion revenue, up 17% year-on-year. 2. Company expects June-quarter revenue guidance aligning with Wall Street estimates. 3. Analysts worry about Qualcomm's future given possible end of Apple collaboration. 4. Diverse strategies being pursued, but long-term results may take time. 5. After-hours trading saw Qualcomm shares decline by nearly 6%.
Despite strong quarterly results, concerns over Apple's future impact could hinder growth. Historical patterns show that significant client losses can lead to prolonged stock underperformance.
Qualcomm's results are relevant but overshadowed by significant uncertainty regarding Apple. The potential loss of a major client influences market sentiments and future projections.
Long-term results depend on successful diversification away from reliance on Apple. This transition and its market impact may unfold over several quarters.