“I think if you look at our history, with the growth in the smartphone market, we see QTL grow with it. And so we expect a similar gain this year.”

In context

“orward. So hopefully, that covers all the different parts. Operator: The next question is from Samik Chatterjee with JPMorgan. Samik Chatterjee : I have a couple, but maybe Akash, if we can start with the calendar fourth quarter comment that you just had. If I look back at some of the seasonality that you had in prior years there. We see a wide range. I mean somewhere between sort of 10% plus to somewhat of a higher number as well in the double digits. Maybe if you can give us a bit more color in terms of -- as you think about, you said in your smartphone outlook as well a recovery in the December quarter in terms of volumes. How are you thinking about it relative to typical seasonality in the prior years? Akash Palkhiwala : Yes. So Samik, maybe no additional comments to what I just said. I think if you look at our history, with the growth in the smartphone market, we see QTL grow with it. And so we expect a similar gain this year. And then I'd probably say similar to on the modem customer side as well, we'd see something similar to what we've seen in the past. So I think using historical trend as a way to model it going forward is a reasonable way of doing it for those 2 factors. Samik Chatterjee : Okay. Okay. And for my follow-up, I mean, obviously, the inventory on the balance sheet did come down a bit, but how are you thinking about the opportunity here to sort of discount to clear some inventory of the balance sheet or even sort of from an investor's perspective or how should we think about the risk about inventory write-down if the recovery is sluggish for a period of time? How should we think about those drivers given that the inventory drawdown has continued for a longer-than-expected duration? Akash Palkhiw”