According to the latest developments on January 6, Strategy Analytics released a report today saying that the automotive field is one of Qualcomm’s fastest-growing businesses. Qualcomm will reach about $1.5 billion (about 10.32 billion yuan, 123 Billion INR) in automotive revenue in the 2022 calendar year, accounting for about a quarter of the total revenue in this field.
According to the report, by 2031, automobile revenue will grow at a compound annual growth rate of 25% to more than 9 billion US dollars (about 61.92 billion yuan, 742 Billion INR).
The financial report shows that Qualcomm’s fiscal year 2022 revenue will be US$44.200 billion (approximately RMB 316.472 billion), a year-on-year increase of 32%; net profit will be US$12.936 billion (approximately RMB 92.622 billion), an increase of 43% year-on-year.
We also learned that Qualcomm previously expected revenue in the first quarter of the fiscal year 2023 to reach US$9.2 billion (approximately RMB 63.296 billion)-US$10 billion (approximately RMB 68.8 billion).
Recently they also announced Qualcomm Snapdragon Sattelite at CES 2023! So guys what do you think about their future? Do let us know your thoughts in the comments section below!
So guys in case you liked this post and wish to receive more tech stuff delivered to you on a daily basis then don’t forget to subscribe to the Inspire2Rise newsletter in order to obtain more such timely tech news, updates and more!
Keep visiting for more such excellent posts, internet tips, and gadget reviews, and remember we cover,
“Everything under the Sun!”
Follow Inspire2rise on Twitter. | Follow Inspire2rise on Facebook. | Follow Inspire2rise on YouTube.