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%."