CLAIM #51384 · Qualcomm Incorporated (QCOM) · 2023Q4 earnings call · Nov 1, 2023 · due Sep 30, 2025
“I remind everyone that PC is in there, which is, likely going to be material in fiscal ‘25, if you think about devices with the X Elite or launching towards the second of ‘24”
Cristiano Amon · CEO
In context
“xpansion. Cristiano Amon: You know, Ross, this is Cristiano. Just two things I want to add real quick on the first question and then on this. As, we can scale in markets, for example, such as auto and in certain segments of the IoT, like PCs, XR, those things, they also have the opportunity to give us operating margin efficiency because our R&D is highly leveraged, especially on the computing the connectivity part. So the more that we get scale, we’ll continue to probably be accretive to margins. I want to make a quick comment on your IoT. You should look at the IoT dynamics, not all IoT are created equal. I think we have a lot of things within our IoT. So there's existing business that are subject to the some of the inventory dynamics, but there are new growth opportunities there. One of I remind everyone that PC is in there, which is, likely going to be material in fiscal ‘25, if you think about devices with the X Elite or launching towards the second of ‘24, you have XR, which was still in the early phase of that opportunity, it has networking, we have Fiber, we didn't have it before. So, I think we're positioned now to expand in networking with Fiber and 5G and Wi Fi-7 is positive. And, you know, it has still an opportunity to move, processing to the edge when IoT next. So, we're going to be -- those are less subject to the some of the cyclical dynamics we're seeing right now for existing business. Thank you. Operator: Our next questions are from the line of Christopher Rolland with Susquehanna. Please proceed with your questions. Christopher Rolland: Thanks for the question, guys. How are you guys thinking about global handset units over your next fiscal year? And then also given your new product launches here, how should we think about Qu”
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SEC filings for QCOM ↗ · Claim quote is verbatim from the 2023Q4 earnings call.