Anaylst Ming-Chi Kuo Says 'Qualcomm Is The Main Loser From Huawei's Adoption Of Kirin9000S And New Kirin Chips' - Medium; Shares Moving Lower
Portfolio Pulse from Happy Mohamed
Analyst Ming-Chi Kuo predicts that Qualcomm will be negatively impacted by Huawei's adoption of its self-developed Kirin processors starting in 2024. This could result in Qualcomm losing Huawei's orders and facing a decline in shipments to non-Huawei Chinese brands due to increased competition. Qualcomm's SoC shipments to Chinese smartphone brands in 2024 are expected to be 50-60 million units lower than in 2023. Additionally, Qualcomm may start a price war in 4Q23 to maintain market share in the Chinese market, which could hurt profits.
September 06, 2023 | 3:34 pm
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Qualcomm is expected to face significant losses due to Huawei's adoption of self-developed Kirin processors from 2024. This could result in a decline in shipments and potential price war, negatively impacting profits.
The news directly mentions Qualcomm and predicts a significant negative impact on the company's future profits and market share due to Huawei's adoption of its own processors. This could lead to a decline in Qualcomm's shipments and a potential price war, which would negatively impact the company's profits.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100