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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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Today, Qualcomm announced their Snapdragon 480 chipset, bringing 5G to ultra-budget handsets in addition to other premium features.ConnectivityThe Qualcomm Snapdragon 480 features 5G connectivity, both sub-6GHz and mmWave 5G.The Snapdragon 480 also features a variety of networking technologies, in addition to Qualcomm’s FastConnect 6200 system, which supports dual WiFi-6 antennas, Bluetooth 5.1, and Qualcomm aptX Adaptive audio, among other things.AIThe chipset features a Hexagon 686 DSP and a Sensing Hub to improve AI performance over 70% over the Snapdragon 460 by allowing for ultra low-power always-on AI processing.CameraOne notable feature of the Snapdragon 480 is the triple Spectra 345 ISP, which can capture photos from three 13MP cameras at once or three 720p video streams.It can also support up to a 64MP still shot from a single camera.Other FeaturesThe Snapdragon 480 features Qualcomm Quick Charge 4+, support for Full HD resolution at up to 120Hz refresh rate, and support for both UFS chips and LP4x RAM.There is no information on when the chipset will be available, though it is known that HMD Global, OPPO, and Vivo will be manufacturing phones with this chipset. We can expect that these devices will be around $125-$250.

POCO F2 mid-ranger may launch in 2021 following POCO spin-off

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