Here is the polished and professional version of the blog post<br><br>**Qualcomm Forecasts Revenue Impact from Tariffs, Amid Global Trade Turmoil**<br><br>As the technology industry continues to evolve at an unprecedented pace, chip designer Qualcomm has issued a warning sign that its revenue may be impacted by US President Donald Trump's tariffs. In its latest forecast, Qualcomm predicted third-quarter revenue that fell short of estimates, joining other tech companies like Snap and Samsung in expressing concerns about the effects of trade tensions.<br><br>**The Impact of Tariffs on Qualcomm's Revenue**<br><br>Qualcomm's Chief Financial Officer, Akash Palkhiwala, attributed the company's tepid demand for smartphone chips to the tariffs as they stand today. However, he noted that the situation is rapidly developing and could change due to ongoing trade negotiations. While the company expects a smaller direct impact from the tariffs, it acknowledges minor changes in demand may occur.<br><br>**The Rise of In-House Modem Chips A Shift for Qualcomm**<br><br>Qualcomm's largest customer, Apple, has been investing heavily in building its own modem chips. This shift is expected to reduce Qualcomm's revenue as Apple introduces its homegrown chips into more products. Apple accounted for 27 percent of Qualcomm's revenue in the second quarter, and some analysts predict that Apple will supply no revenue to Qualcomm by 2027.<br><br>**The Uncertainty Surrounding Qualcomm's Business**<br><br>Qualcomm's stock has been under pressure due to global trade turmoil, with shares down more than 3 percent year-to-date. The company's chips are currently excluded from Trump's steep tariffs, but slower economic growth is expected to hit demand. The uncertainty surrounding the impact of tariffs on Qualcomm's business has led some analysts to question the company's ability to maintain its stronghold in the smartphone market.<br><br>**Qualcomm's Strategy for Navigating Uncertainty**<br><br>Despite these challenges, Qualcomm remains focused on controlling factors such as technology roadmap, product portfolio, customer relationships, and operational efficiencies. CEO Cristiano Amon emphasized the company's commitment to navigating the current macroeconomic environment and emerging stronger on the other side.<br><br>**Key Takeaways**<br><br>* Qualcomm has forecast third-quarter revenue that falls short of estimates due to the impact of tariffs.<br>* The company expects a smaller direct impact from the tariffs, but acknowledges minor changes in demand.<br>* Apple's shift towards building its own modem chips is expected to reduce Qualcomm's revenue.<br>* Qualcomm's stock has been under pressure due to global trade turmoil.<br>* The company remains focused on controlling factors that can impact its business.<br><br>**Conclusion**<br><br>As the tech industry continues to evolve, Qualcomm must adapt to changing market conditions and navigate the uncertainty surrounding tariffs. While the company faces challenges, it remains committed to controlling key factors that can impact its business. In this rapidly changing landscape, Qualcomm's ability to forecast revenue accurately will be crucial in determining its future success.<br><br>**Subheading The Road Ahead**<br><br>Qualcomm is poised to face a challenging environment as it navigates the ongoing trade tensions and economic uncertainty. However, with its focus on controlling key factors that impact its business, the company remains well-positioned to emerge stronger on the other side.
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