CLAIM #51167 · Qualcomm Incorporated (QCOM) · 2022Q1 earnings call · Feb 2, 2022 · due Jun 30, 2022
“And so it's something that we'll definitely do as we get to the June quarter.”
Akash Palkhiwala · CFO
In context
“we mentioned in our prepared remarks. We still think that there is an opportunity to continue to expand into that SAM going forward. Mike Walkley: Right. And just my follow-up question. I think you previously highlighted to start the first half of the year, you've kind of prioritized the strong Android premium tier handsets. And you talked about demand outstripping supply. Is it get to maybe a softer handset quarter in the June quarter? Should we see maybe automotive and IoT start to close that supply-demand balance and those businesses maybe accelerate in terms of a sequential growth trend? Akash Palkhiwala: Yes, Mike. We're definitely -- that's a decision that we definitely make where if we can bias the supply in certain directions based on the market demands, we take advantage of that. And so it's something that we'll definitely do as we get to the June quarter. Cristiano Amon: This is Cristiano. Let me just add one thing. I want to -- hopefully, this will explain. We're seeing demand for all of our product lines. We're seeing more demand than supply right now. I think demand continues to be up, but I think we're a very fortunate position to be in. When you think about the handset business, and you did see this very high growth rate on Android, 60% growth of Android within the quarter, we prioritize supply, as we said in the prior quarters, for the Chinese New Year launches. We will still have more demand than supply in all the growth business. As we go through the next quarter, you're going to see the growth business, and a lot of the non-handset business could growing, and then the next inflection point for handsets is the holiday season, which”
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SEC filings for QCOM ↗ · Claim quote is verbatim from the 2022Q1 earnings call.