Qualcomm's fiscal 2023 fourth quarter results are released, and Snapdragon 8 Gen 3 leads the market

Qualcomm today released its financial results for the fourth quarter of fiscal 2023. Despite a downward trend across the smartphone industry, Qualcomm continued to beat market expectations. According to the report, the company's revenue fell 24% year-over-year to $8.63 billion. However, Qualcomm is quite optimistic about the prospects for the next few quarters, especially in terms of the launch of the new Snapdragon 8 Gen 3 phone

Qualcomm CEO Christie Arno Amon said: "As we enter fiscal 2024, we are pleased with our roadmap and product execution, which positions us well across all business areas. The recent Snapdragon Summit highlighted our technology leadership position, establishing Qualcomm as the leader in on-device generative artificial intelligence and mobile computing performance.”

Qualcomm’s response to Snapdragon 8 Gen 3 and generative artificial intelligence have high hopes, and multiple brands, including Xiaomi and Honor, have launched or plan to launch devices equipped with the chip. Qualcomm CEO reveals during earnings call that upcoming Galaxy "Most" S24 phones will use Qualcomm Snapdragon chips, which also confirms rumors that some models will use Exynos 2400 processors. Currently, Galaxy on the global market The S23 series of mobile phones all use Qualcomm Snapdragon chips.

Snapdragon 8 Gen 3 is built with generative artificial intelligence as the design concept, and there are rumors that Samsung Galaxy S24 will also introduce more generative artificial intelligence functions. SamsungGalaxy The S24 is expected to be released in early 2024, probably in January. Qualcomm's technology leadership and innovative products enable it to maintain a competitive advantage in an ever-changing market and attract the attention of the industry.

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