CLAIM #51471 · Qualcomm Incorporated (QCOM) · 2024Q3 earnings call · Jul 31, 2024 · due Sep 30, 2025
“as the same thing we did with auto, we expect PC to be the next biggest driver of diversification for the company, and we'll continue to track every quarter.”
Cristiano Amon · CEO
In context
“it could be an upgrade of content in the digital cockpits that we have in. The second comment which is about PCs. I will start by saying we're very pleased is exceeding our expectations. We -- it's a new version of Windows, the Copilot+ is a new architecture with an ARM compatible. We expect that, that will ramp over a period of time. But what we have seen in the market right now with the 20 models that can launch is exceeding our internal targets. Some models, as I mentioned in my prepared remarks, had sold out. And I think we should expect that, that will continue to be a crescendo, slow and steady as the market transition. We will have new product announcements coming up at EFA, and you're going to continue to see more Copilot+ features coming from Microsoft we're very happy about that as the same thing we did with auto, we expect PC to be the next biggest driver of diversification for the company, and we'll continue to track every quarter. Operator: Our next question is from the line of Samik Chatterjee with JPMorgan. Samik Chatterjee: Congrats on the strong print here. I guess, Cristiano, if I start you off with those smartphone question here related to VI smartphones. One, can you share if you're seeing any depreciable difference in the demand for smartphones with AI features in them from consumers already. And as you look to the pipeline in terms of design wins for next year, how are you thinking about proliferation of the AI features and capabilities into more mid-tier or outside of the flagship to your phones that you work with, with your customers? And I have a follow-up. Cristiano Amon: Thank you for your question, Samik. So on smartphones, I would start by saying one thing that we really like. And I think it was ref”
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SEC filings for QCOM ↗ · Claim quote is verbatim from the 2024Q3 earnings call.