Qualcomm Is About To Make Cheap Android Phones More Powerful With New Snapdragon 8S Gen 3 Chipset
Portfolio Pulse from Rounak Jain
Qualcomm Inc. (NASDAQ:QCOM) has launched the Snapdragon 8S Gen 3 chipset, aimed at bringing high-end features to more affordable Android phones. This new chipset, positioned below the flagship Snapdragon 8 Gen 3, includes a similar GPU, the previous-gen X70 5G modem with Wi-Fi 7 support, and the capability to run large AI models. Qualcomm's strategy with this release is to maintain its dominance in the high-end smartphone market, with several major manufacturers planning to use the chipset in their upcoming devices.
March 18, 2024 | 8:46 am
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Qualcomm's introduction of the Snapdragon 8S Gen 3 chipset is a strategic move to enhance its product lineup and strengthen its position in the smartphone market. The chipset's affordability and high-end features are likely to appeal to smartphone manufacturers and consumers, potentially increasing Qualcomm's market share and revenue.
The Snapdragon 8S Gen 3 chipset is designed to make high-end smartphone features more accessible, which could lead to increased adoption by manufacturers and consumers. This move is likely to enhance Qualcomm's competitive edge in the market and could result in higher sales and revenue. The announcement of major smartphone manufacturers planning to use this chipset in their upcoming devices further supports the potential positive impact on Qualcomm's stock.
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