Qualcomm CEO says smartphone demand remains strong, but memory costs and supply limits are weighing on the market
Qualcomm CEO Cristiano Amon said smartphone demand remains strong, but rising manufacturing costs are weighing on market performance. He said higher memory costs and supply constraints have already hit the handset industry. “Consumer demand for phones is there — the issue is just memory pricing and supply,” Amon said. “So you should expect the market to remain constrained.” (Bloomberg TV)