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GlobalFoundries forecasts upbeat Q4 results on strong demand from iPhone supplier
mardi 5 novembre 2024, 22:29 , par Mac Daily News
Reuters: Qualcomm, a major supplier to Apple and one of GlobalFoundries’ largest customers, is anticipated to benefit from the expected demand for AI-enabled iPhones from Apple during the upcoming holiday season. The company expects fourth-quarter revenue to be between $1.80 billion and $1.85 billion, compared to estimates of $1.80 billion, according to data compiled by LSEG. GlobalFoundries, majority-owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, reported revenue of $1.74 billion in the third quarter, marginally above estimates of $1.73 billion, according to LSEG data. MacDailyNews Take: Should bode well for AAPL. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post GlobalFoundries forecasts upbeat Q4 results on strong demand from iPhone supplier appeared first on MacDailyNews.
https://macdailynews.com/2024/11/05/globalfoundries-forecasts-upbeat-q4-results-on-strong-demand-fro...
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