“And as we look forward, we are continuing to see demand for additional functionality.”

In context

“y from that point on as we grow in the second half of the year. Stacy Rasgon: Got it. If I could ask a quick follow-up. In your Q, you talked about you had a $344 million tailwind from higher average selling price year-over-year in the quarter, and that was for the overall chip segment. But you used to give that number strictly for handsets. Can you give us some feeling for how pricing has been trending in the handset business relative to that overall benefit you see in QCT? Akash Palkhiwala: Yes. So, if you think about pricing in the handset business, it’s usually a function of two things. First is within a given year more capabilities being added to the device, especially on the application processor side. And so, you’ve seen us benefit significantly from that over the last three years. And as we look forward, we are continuing to see demand for additional functionality. So, that’s kind of tier for tier improvement opportunity for us and for the overall industry. And then, the second factor is mix within peers and that, of course, changes across quarters. And so, that goes up and down based on what sells through in that quarter and which customer it is. But that’s more timing versus kind of a fundamental trend of revenue growth. Operator: Our next question is from Ross Seymore with Deutsche Bank. Ross Seymore: I want to focus on the handset guidance for the next quarter fiscal 2Q being flat sequentially. Can you just talk about the puts and takes that are getting you to flat? And Akash, last quarter, you gave a framework about, I think, $2 billion of inventory burn headwind. I just wonder if you were indeed successful in getting halfway through that, or i”