Qualcomm, one of the primary providers of chips and modems in phones, is predicting that phone sales will be down much more than expected in 2022 due to the uncertain economic environment, according to the company’s latest earnings release published Wednesday.
“Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit…
