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Qualcomm earnings to show effects of smartphone sales slowdown

Qualcomm Office Building in San Diego, California

AutumnSkyPhotography/iStock Editorial via Getty Images

Qualcomm (NASDAQ:QCOM) is scheduled to deliver its fiscal first-quarter results after Thursday's market close, and the communications chipmaker's report comes amidst a mixed bag of business updates for some of the top semiconductor companies.

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"Qualcomm (QCOM) has said that it is cutting back on shipments to one of its biggest customers, Apple (AAPL), as it diversifies into automotive systems and other business areas"

This is a very weird statement. I'd like to see a reference to the first-hand source. It feels like something's been "lost in translation."
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