Qualcomm CFO Said Forecast For September And December Quarter Assumes No Material Revenues From Huawei Said We Do Not Have A 5G License (For Huawei) And We Are Not Assuming Any Material Revenue Going Forward -Conf Call
Portfolio Pulse from Charles Gross
Qualcomm's CFO has stated that the company's forecast for the September and December quarter does not include any significant revenues from Huawei. This is due to the fact that Qualcomm does not have a 5G license for Huawei and is not expecting any substantial revenue from them in the future.
August 04, 2023 | 12:24 pm
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NEGATIVE IMPACT
The exclusion of Huawei from Qualcomm's revenue forecasts could potentially impact the performance of the iShares China Large-Cap ETF (FXI), which includes Huawei as one of its holdings.
The iShares China Large-Cap ETF (FXI) includes Huawei as one of its holdings. Any negative news or developments related to Huawei could potentially impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Qualcomm's revenue forecasts for the upcoming quarters do not include any significant contributions from Huawei due to lack of a 5G license. This could potentially impact Qualcomm's revenue and stock price.
Qualcomm's revenue forecasts are a key factor in its stock price. The exclusion of significant revenues from Huawei, a major player in the global telecommunications market, could potentially lead to lower than expected revenues and negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100