(Bloomberg) — Qualcomm Inc. gave a strong sales forecast for the current quarter, indicating new high-speed wireless networks are starting to fire up demand for pricier smartphones.Revenue will be $4.9 billion to $5.7 billion in the period ending in March, the San Diego-based company said Wednesday in a statement. Analysts, on average, estimated $5.1 billion, according to data compiled by Bloomberg. Fiscal first-quarter sales and profit also beat estimates.The forecast is more evidence of Qualcomm’s confidence that fifth generation, or 5G, networks will expand quickly this year and spur mobile phone upgrades to take advantage of faster data speeds. Chief …read more
Source:: Yahoo Finance
