Analyst Ming-Chi Kuo Says 'Strong Snapdragon 8 Gen 4 shipments to significantly boost Qualcomm's 4Q24/F1Q25 business momentum' - Medium
Portfolio Pulse from Benzinga Newsdesk
Qualcomm's Snapdragon 8 Gen 4 is expected to significantly boost the company's business momentum in 4Q24 and F1Q25, with a 50% YoY increase in shipments and a 15% rise in ASP. This growth is driven by demand from Samsung, changes in the Chinese smartphone market, and increased high-end smartphone sales.
October 14, 2024 | 3:33 pm
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Qualcomm's Snapdragon 8 Gen 4 is expected to drive significant revenue and profit growth in 4Q24, with shipments increasing 50% YoY and ASP rising by 15%. The growth is supported by demand from Samsung and favorable trends in the Chinese smartphone market.
The Snapdragon 8 Gen 4 is Qualcomm's highest-priced and most profitable SoC, with expected shipment growth of 50% YoY and a 15% increase in ASP. This will significantly contribute to Qualcomm's 4Q24 revenue and profit. The demand is driven by Samsung and changes in the Chinese smartphone market, including increased market share of Chinese brands and high-end models. These factors are likely to positively impact Qualcomm's stock price in the short term.
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