MAAT INDEX

CLAIM #51361 · Qualcomm Incorporated (QCOM) · 2023Q3 earnings call · Aug 2, 2023 · due Dec 31, 2023

As you know, we expect to be a majority of the share in the new upcoming launch, and so it's not really a share question.

Akash Palkhiwala · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

to '22, as I mentioned earlier, we've actually gained share within Android. So we continue to have a very strong position and the kind of the seasonality across the quarters for Android is really a reflection of when devices are launched and which tiers we play in, which is the premium and high tier, which they center around the holiday season versus midway through the year. So that's how I would think about the Android market. On Apple, as I've said before, we expected muted seasonality in the fourth quarter due to the timing of chipset purchases. We did see them buy additional chipsets earlier in the year. And so what we are forecasting now is expected demand, expected shipments into the next quarter. So it's -- that really just speaks to timing again rather than some fundamental trend. As you know, we expect to be a majority of the share in the new upcoming launch, and so it's not really a share question. Cristiano Amon: Brett, to your second question, for the iPhone that is launching this year, we are going to support the modem. We're not making any updates to our prior plans for 2024. Operator: Our next question is from line of Tal Liani, Bank of America. Tal Liani: Yes. Auto market, we spoke a lot about the handsets. I have two questions related. Auto market was also weak. Can you give an update on why it grew 13% versus 16% Street expectations? But this 13% is also lower than what we have seen before. So can you talk about the trends there? IoT was in line with expectations, but it's still declining 24% a year. So what is the trend over there? And on the handset side, I'm just wondering if there was deterioration throughout the quarter or it was improvement throughout the quarter? Kind

Verify independently

SEC filings for QCOM · Claim quote is verbatim from the 2023Q3 earnings call.