Qualcomm CEO sees growth in high-end phones even if economy slows


Chief Executive Officer and President of Qualcomm Incorporated Cristiano Amon speaks at a keynote conference during GSMA's 2022 Mobile World Congress (MWC), in Barcelona, Spain, March 1, 2022. REUTERS/Albert Gea/Files

DAVOS, Switzerland (Reuters) - Qualcomm Inc CEO Cristiano Amon sees growth for the chip supplier as consumers increasingly want "better phones," he said in an interview on Wednesday at the World Economic Forum, even as talk about an economic slowdown dominates the event in the Swiss ski town of Davos.

"Qualcomm has redefined its mobile strategy to be focused on premium and high-tier, and we’re winning share in a flat market," Amon said. "For example, with devices such as the Samsung Galaxy, we had a 40% share and now we have in excess of 75%."

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

No wolf plush toy by Christmas, French supermarket says
Intel appoints Trump economic adviser as head of government affairs
How much does an army of bots cost? How likes and clout are bought
US suspends technology deal with Britain, FT reports
British regulator kicks off consultation on new crypto rules
'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
Exclusive-Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move
Exclusive-Goldman Sachs reshapes TMT investment group to focus on digital infrastructure and AI deals, memo says
Musk's net worth hits $600 billion, Forbes says, as SpaceX preps for IPO

Others Also Read