In five years, according to forecasts, Qualcomm’s annual sales may increase significantly, by approximately 22 billion dollars, as a result of the company venturing into new directions from its old domain, the smartphone market, in recent years.
Under the management of Cristiano Amon, the company gradually expanded its portfolio to new markets starting in 2021, the most memorable of which was the release of the Snapdragon X (Elite) system processors that can be built into PCs, and the first Arm-based computers equipped with them.
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According to the American manufacturer, the company will collect roughly four billion dollars of the above 22 billion surplus on the PC market, which means that for the time being, Qualcomm’s approach is much more cautious than that of Arm, which predicted a 50% share of the PC architecture by the end of the decade s segment, in addition to the x86 product line represented primarily by Intel and AMD.
Qualcomm’s smartphone products business accounted for about 75% of total annual revenue, or $24.86 billion, in the 2024 business quarter, meaning that in five years, the new segments could promise similar sales for the company, at least if everything goes according to plan. .
Solutions intended for PCs will not even necessarily bring growth, as the manufacturer expects sales revenue of eight billion dollars from automotive products and another four billion dollars from industrial solutions, it was announced at Qualcomm’s investor event yesterday.
Source: www.hwsw.hu
