BIST10013.501,55▼ -1.36%Critical Drop in U.S. Crude Oil Stocks: 7.2 Million Barrels DepletedUSD/TRY47.6476▲ 0.20%Qualcomm's Chip Leadership: Revenue Growth Outpaces Profit DeclineEUR/TRY54.4849▲ 0.30%30-Year Treasury Yields Hit Record High Post-Fed Decision: How Markets React?BTC/USD$63,507.99▼ -0.63%McDonald’s Stock Drop: Beef Price Surge and Value Shift Drag PerformanceGOLD6.204,19▲ 0.15%Construction Bid Opened for 47th Command Battalion's Ataköy Military Dormitory: How Markets Will ReactBRENT$90.54▲ 7.67%Mercedes' U.S. Market Defense Strategy: China Investors and U.S. Policy Clash Starbucks Reports: 2026 Expectations Rise as Shares Surge Past 7%BIST10013.501,55▼ -1.36%Critical Drop in U.S. Crude Oil Stocks: 7.2 Million Barrels DepletedUSD/TRY47.6476▲ 0.20%Qualcomm's Chip Leadership: Revenue Growth Outpaces Profit DeclineEUR/TRY54.4849▲ 0.30%30-Year Treasury Yields Hit Record High Post-Fed Decision: How Markets React?BTC/USD$63,507.99▼ -0.63%McDonald’s Stock Drop: Beef Price Surge and Value Shift Drag PerformanceGOLD6.204,19▲ 0.15%Construction Bid Opened for 47th Command Battalion's Ataköy Military Dormitory: How Markets Will ReactBRENT$90.54▲ 7.67%Mercedes' U.S. Market Defense Strategy: China Investors and U.S. Policy Clash Starbucks Reports: 2026 Expectations Rise as Shares Surge Past 7%

Global MarketsJuly 29, 2026 at 11:41 PM

Qualcomm's Chip Crisis: Smartphone Sales Plummet by 20%

724FinanceDefne Aydın

Qualcomm's Chip Crisis: Smartphone Sales Plummet by 20%

US chipmaker Qualcomm reported a 20% decline in smartphone sales and profits for the latest quarter, citing rising semiconductor costs and global demand slowdown. CEO Cristiano Amon forecasted lower revenue for 2024. Markets are assessing the risk of the chip crisis spreading across the tech sector. Qualcomm's stock dropped 5% following the announcement.

The solution to the chip crisis isn't just building new factories—it also requires addressing the US-China trade war's impact on supply chains. The ECB's upcoming rate decisions may reflect growing global economic concerns. Eurozone inflation's decline could support Qualcomm's cost-cutting efforts.