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Qualcomm CEO Says Smartphone Market Will Stay Suppressed Amid Rising Costs

Macro·1 article across 1 outlet

Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data

Qualcomm Inc. Chief Executive Officer Cristiano Amon said demand for smartphones remains strong, but the growing costs of making the devices are keeping the market down.

Amon's comments highlight the ongoing challenges in the smartphone industry, where production costs are impacting overall market performance.

Qualcomm

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