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Home News Thanks to COVID-19, Qualcomm predicts 30% decrease in phone shipments

Thanks to COVID-19, Qualcomm predicts 30% decrease in phone shipments

There was a decline of 21% between January and March.


What you need to know

  • Qualcomm shared its latest earnings report on April 29, 2020.
  • The report cites a 21% decline in demand for phones for the first three months of 2020.
  • A 30% decrease in phone shipments is expected for May-June.

On April 29, 2020, Qualcomm published its Q2 Fiscal 2020 earnings report that spans January through March of this year. Being the world’s largest supplier of chipsets for mobile devices, Qualcomm’s performance tells a lot about the mobile tech world in general.

Taking a look at the report, there are a couple of numbers that really stand out. For the timeframe between January and March 2020, Qualcomm notes that there was a 21% decline in phone shipments compared to year-over-year performance. Furthermore, the report says:

Our GAAP results were also negatively impacted by $265 million, or $0.21 per share, in non-marketable investment impairments, resulting in part from the impacts of COVID-19.

Looking ahead for what business will be like in May – June, Qualcomm is expecting an even bigger drop in phone shipments from its partners — as much as 30%.

Given the uncertainty caused by the COVID-19 pandemic, including the timing and pace of economic recovery, our guidance for the third quarter of fiscal 2020 is based on a planning assumption that there will be an approximate 30% reduction in handset shipments relative to our prior expectations, resulting in an estimated impact of greater than ($0.30) to EPS in the third quarter of fiscal 2020.

Despite all of this, Qualcomm is still expecting to ship a lot of its own modems to companies like Samsung, Apple, and others. Qualcomm sold 129 million modems during its fiscal Q2, and for Q3, the company anticipates it’ll ship at least 125 million or as much as 145 million.

Looking at other notable numbers in the report, Qualcomm saw total revenues of $5.2 billion, which is a 5% increase compared to the $4.9 billion earned this time last year.

Qualcomm still made money this past quarter, but it’s obvious that rough times are ahead for it and the overall mobile tech space. Qualcomm was predicting that there would be up to 1.85 billion device shipments in 2020, but now the company has taken that back and isn’t predicting a total shipment estimate for the year.

As noted in the company’s report, COVID-19 is obviously playing a role in these numbers. Just how much of an impact it’ll continue to have is difficult to pinpoint for sure, with Qualcomm noting that “the actual impact may differ materially due to the challenging economic environment and highly uncertain effects of COVID-19.”

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Nixplay Smart Photo Frame review

The Nixplay Smart Photo Frame, available in a variety of sizes, is a Wi-Fi digital picture frame that displays your favorite images. Similar to traditional picture frames you can hang it on a wall or prop it up on a table. Unlike the one on your grandmother’s wall, it can cycle through more than 2,000 pictures.This is the sort of product you’d gift to parents and grandparents as you can send photos or playlists directly to them. Additionally, it might be a good product for new parents, newlyweds, or college students who might want to keep an eye on things back home. It works just as well to give one of these to someone as it would be to receive on.There are a different sizes and finishes available so it ought to be no problem finding the right fit for your home. And because of its flexibility, you can move it to different rooms or environments without hassle.The 10.1-inch version features a 1280 x 800 HD image that’s bright, easy to see from a variety of angles, and works in both landscape and portrait orientation. As one might expect from a device like this in 2020, there is support for Google Assistant and Amazon Alexa.The built-in motion sensor is able to identify whether there are people in the room which means it automatically turns itself off.Configuration and SetupSetting up the Nixplay Frame includes creating an account, pairing your frame to it, and adding photos. Using the mobile app you can manually add photos, but we found it easier to manage it from the website.Once logged in, you can pair your social media accounts with their respective library or albums. That includes Google Photos, Facebook, Instagram, Dropbox, Flickr, and Verizon Cloud.It’s also in this dashboard where you can set up timers to turn on and off the frame. Additionally, you can shuffle the playlist, opt to display a clock, adjust the transitions between photos, and more.If you’re purchasing one of these for a family member or friend, you’ll be able to set it all up and essentially make it a turn-key gift. All you’ll have to do is set it on the right Wi-Fi network.We appreciate that you can make as many adjustments that you can, especially to keep things updated. There’s no need to insert a microSD card or plug into the frame. Anything done in the cloud is automatically updated.As for the Google Assistant stuff, it’s more or less just being able to turn the frame on and off using your voice. It’s handy, but not necessary. Amazon Alexa appears to have a little deeper integration with options to pull up specific playlists. 1 of 4 The viewing angles on the frame are really good and we found it to provide sharp color and high contrast. Some of the transitions do feel a tad dated, however, they are quick. Fortunately, you can opt for longer delays between changing and decide which transition you want.Where to BuyYou can learn more about the Nixplay Smart Photo Frame at the company’s official website. There, you’ll find it available to purchase for about $180. A limited time discount sees the company taking $27 off, bringing the total to just $153.There are also other sizes to choose from, ranging from 9.7-inches up to 15.6-inches. From the looks of it, there are often chances to save on your frame. Be it centered around a holiday or just an instant discount, it pays to look.

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