“We expect to see ASP going up.”

In context

“s across the board much higher inventory policies. When supply chain got resolved, then you get that with the macroeconomic uncertainty, you have a drawdown and trying to bring inventory to a different level than it was during the situation of demand constraint. That is starting to hit the premium tier as well as we -- as customers are basically adjusting their inventory levels on premium tier. However, we actually see as we go to next-generation possibilities for ASP to increase because we're actually increasing processor content, and we're very well positioned for the premium tier. If you take the Apple update, I would say every premium-tier device has Qualcomm content on it. Of course, the best story is Snapdragon across Samsung and our Chinese customers. And the content is increasing. We expect to see ASP going up. Akash, anything you would like to add? Akash Palkhiwala : Just maybe quickly, Matt, on your first question. What we saw in the September quarter through our licensee reporting is weakness across tiers and regions. So it was -- it cut across all tiers in that case. And then that's what we are projecting forward in the December quarter as well. And then clearly, on the ASP side, as Cristiano said, the content is increasing and we have opportunity on upside in that case. And also, you've seen us manage through the last couple of years of foundry price increases, and then we'll be able to keep gross margin strong. Matt Ramsay: As my follow-up, Akash, last year -- I guess a year ago on the call at the beginning of the fiscal year, you were a different environment, a lot less volatility obvious”