“We maintain the position that China handset in Q3 is the bottom.”

In context

“Cristiano Amon (President and Chief Executive Officer): Maybe, Joe, I'll add one comment. The market decline is largely driven by the magnitude of increases in bill of materials, particularly memory. Even a double-digit price increase, which largely passes through input and wafer cost increases, is small compared to the order of magnitude of the memory bill of materials. So we don't expect fundamental changes in premium tier volume. We maintain the position that China handset in Q3 is the bottom.”