Qualcomm has released its financial results for the last quarter, and it certainly has a lot to brag about. During the October-December period, which in the company's fiscal year is the first quarter of this year, its sales reached 8,2 billion dollars (roughly 177 billion crowns), which is 62% more year-on-year.
Even more impressive are the figures on net income, which amounted to 2,45 billion dollars (approximately 52,9 billion crowns). This represents a year-over-year increase of 165%.
But during a conference call with investors, outgoing Qualcomm chief Cristiano Amon warned that the company is currently unable to fully meet demand and that the chip industry will face global shortages in the next six months.
As is well known, Qualcomm supplies chips to all major smartphone companies, but does not manufacture them itself and relies on TSMC and Samsung for this. However, amid the coronavirus pandemic, consumers have started buying more computers for work from home and cars, meaning companies in those industries have also increased chip orders.
Apple has already announced that it cannot meet the demand for iPhonech 12, due to "limited availability of some components". Recall that Qualcomm is its main supplier of 5G modems. However, not only technology companies but also car companies have problems. For example, one of the largest car manufacturers in the world, General Motors, will reduce production in three factories for the same reason, i.e. lack of components.
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