(Bloomberg) — Qualcomm Inc. gave a solid sales forecast for the current quarter and said demand is close to returning to normal levels in the biggest market for smartphones — China.Revenue will be $4.4 billion to $5.2 billion in the period ending in June, the San Diego-based company said Wednesday in a statement. Analysts, on average, estimated $4.77 billion, according to data compiled by Bloomberg. Profit, excluding some items, will be 60 cents to 80 cents a share, the company said.“You’re going to see improvements coming out of June, if China is any model,” Chief Executive Officer Steve Mollenkopf said …read more
Source:: Yahoo Finance
