Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 2, Qualcomm today announced its financial results for the fourth quarter of fiscal 2023, indicating that the company is still affected by the decline in the smartphone industry. However, despite a 24% year-on-year drop in revenue to $8.63 billion, the company still beat expectations and was optimistic about the outlook for the coming quarters, especially with the launch of the new Snapdragon 8 Gen 3.

"as we enter fiscal year 2024, we are satisfied with our roadmap and product implementation, which puts us in a strong position in all areas of our business." "our recent Snapdragon Summit highlighted our technology leadership and established Qualcomm as a leader in device-side generative artificial intelligence and mobile computing performance," Qualcomm CEO Cristiano Amon said in a statement. "

CTOnews.com noted that the company has high hopes for Snapdragon 8 Gen 3 and generative artificial intelligence, and that brands such as Xiaomi and Glory have launched or plan to launch devices with the chip. It is worth noting that Amon said on the earnings call that the upcoming Galaxy S24 phones will use Qualcomm Snapdragon chips "mostly", which confirms the rumors that some models will use Exynos 2400 processors, while the current Galaxy S23 series phones use Snapdragon chips in the global market.

Snapdragon 8 Gen 3 is based on generative artificial intelligence, and it is rumored that Samsung Galaxy S24 will also add more generative artificial intelligence features. The Samsung Galaxy S24 is expected to be released in early 2024, possibly in January.

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