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Qualcomm's financial report for the first fiscal quarter of 2025 reveals robust performance, with revenue soaring to $11.669 billion, marking a 17% year-over-year increase. Net profit also saw a healthy 15% growth to $3.180 billion, while adjusted net profit surged 24% year-over-year, surpassing all expectations. Within its business segments, mobile phone revenue rose 13% year-over-year, automotive revenue surged 60%, and IoT revenue jumped 39%. Qualcomm anticipates robust demand for high-end smartphones in China but predicts that overall smartphone market sales in 2025 may remain stagnant, with only low single-digit growth. Post-earnings release, Qualcomm's share price exhibited significant volatility, initially spiking nearly 5% before dipping more than 4% in after-hours trading.
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