Analyst Kuo predicts Qualcomm's Snapdragon 8 Gen 4 chip shipments to increase 50% in late 2024 by market demand from AI smartphones and PCs, primarily in China.

Analyst Ming-Chi Kuo predicts Qualcomm's Snapdragon 8 Gen 4 chip shipments will rise by 50% by late 2024, driven by demand from AI smartphones and PCs, particularly in China, where high-end smartphone market share is growing. Approximately 9 million units are expected to ship, with an average price increase to $180. Qualcomm's Q4 FY'24 earnings are forecasted to rise 25% due to smartphone market recovery, despite competition from companies like MediaTek and Huawei.

October 14, 2024
6 Articles