Qualcomm says China virus threatens phone industry disruption - News Daily

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Wednesday, February 5, 2020

Qualcomm says China virus threatens phone industry disruption

By Stephen Nellis and Munsif Vengattil (Reuters) - Qualcomm Inc raised concerns around the threat to the mobile phone industry's supply chain from the coronavirus outbreak in China, dragging down shares. On a conference call with investors, Chief Financial Officer Akash Palkhiwala said Qualcomm expects "significant uncertainty around the impact from the coronavirus on handset demand and supply chain." Shares fell 3.3% in after-hours trade

The post Qualcomm says China virus threatens phone industry disruption appeared first on Firstpost.



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