Qualcomm gave a strong sales forecast for the current quarter, signalling that fifth generation mobile phone services are taking off. Photo: Reuters
Qualcomm shares rise on strong forecast, Huawei agreement
- Qualcomm shares were up more than 12 per cent in extended trading after the company gave a strong sales forecast for the current quarter
- The chip maker also announced a new licensing deal with China’s Huawei Technologies on Wednesday
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Qualcomm gave a strong sales forecast for the current quarter, signalling that fifth generation mobile phone services are taking off. Photo: Reuters