Skip to main content

Qualcomm plans to lay off 15 percent of its workforce

Qualcomm just announced its earnings for the quarter, and the news isn't good: the company is going to lay off 15 percent of its workforce as part of a major initiative to restructure the company and improve financial performance. And improve it must — Qualcomm's revenue of $5.8 billion for the quarter is down 14 percent from a year ago, while net income dropped a whopping 35 percent to $1.6 billion.

Along with these disappointing results and upcoming layoffs, Qualcomm is also cutting its earnings forecast for the year — after already having done so twice already this year. Specifically, as noted by Recode, Qualcomm is cutting its outlook for the chip side of its business due to lower demand for high-end phones with Qualcomm chips coupled with less than expected sales in China for the devices that do run Qualcomm's chips.

Translated, that means that the combined strength of Apple and Samsung in the smartphone world is putting a choke hold not just on other OEMs, but the companies that produce hardware for those OEMs. We already know that Apple is pulling in nearly all the profit there is to be had in the smartphone business, and that Apple and Samsung continue to battle it out in terms of marketshare, as well. There's just not much else out there for anyone else to grab — if HTC, LG, and others aren't making money, neither is Qualcomm.


Source

Comments

Popular posts from this blog

PRIVACY POLICY

Privacy Policy Last updated: February 20, 2024 This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You. We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy. This Privacy Policy has been created with the help of the Free Privacy Policy Generator . Interpretation and Definitions Interpretation The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural. Definitions For the purposes of this Privacy Policy: Account means a unique account created for You to access our Service or parts of our Service. Affiliate means an entity that controls, is con...

Child-friendly Galaxy Tab 3 Kids listed in Korean brochure

We're no experts in Korean back-to-school literature, but it looks as if one retailer has tipped Samsung's plans a little early. If the documents above are legitimate, then the company will launch a kiddie-focused Galaxy Tab in short order. The Galaxy Tab 3 Kids is said to be an 8.5-inch slate with a 1.2GHz dual-core CPU, a 1,024 x 600 WSVGA display, 8GB storage, 1GB RAM and Jelly Bean. The company has also seen fit to include 802.11 a/b/g/n WiFi, Bluetooth 3.0, a microSD card slot (no word on capacity) and a 4,000mAh battery. One thing that lends weight to the listing is that the device's model number is SM-T2105, which evleaks tersely described as a "Galaxy Tab for children" a month ago. There's more pictures over at the source, but not a single spec saying that this new device is resistant to jam-smeared fingers. Source: ENGADGET

So this is basically / Asi que esto es basicamente... [SPANISH TEXT]

Si amigos, basicamente la idea del blog fue introducir a todos en el mundo de la tecnologia y hacer que esta no fuera tan "compleja" o "complicada" para todos. Ultimamente no hago reviews propios, ya que me tomo la molestia de elegir buenas noticias (que considero) para su placer informativo (bueno, las visitas me dicen que lo estoy haciendo bien) Pero, y si algun dia llegase a terminar todo? Regalar el dominio? Vender el blog? Nah, muchas veces me lo he preguntado pero... por algo senti el deseo de escribirles, desde mi misma mano y tecla, porque esto es lo que me apasiona: la tecnologia, la programacion, el llevar todo niveles superiores, exponenciar mi capacidad de analisis. De esto se trata todo, esto es basicamente el alma del blog: tecnologia. Actualmente me encuentro en otra ciudad, desde hace ya 1 mes. Las cosas han estado normales, pues dentro de lo que alguien podria definir de "normal". Gracias a Dios no me hace falta lo basico, desafortunad...