On November 5, Qualcomm projected that its quarterly sales and profits would outstrip market expectations, thanks to a resurgence in high - end smartphone sales. Data from the London Stock Exchange Group reveals that for the first quarter of the current fiscal year, which concludes in December, Qualcomm anticipates sales to hit $12.2 billion and adjusted median profit per share to reach $3.40. These figures are higher than the previous forecasts made by analysts, which stood at $11.62 billion in sales and $3.31 per share in adjusted median profit.
