Qualcomm Forecasts Strong Growth Fueled by AI Demand, Eyes Key role in Samsung‘s Next flagship
SAN DIEGO, CA – December 19, 2024 – Qualcomm is projecting meaningful revenue gains, driven by surging demand for it’s chips across smartphones, automotive, adn extended reality (XR) devices, fueled by the integration of artificial intelligence (AI).The company anticipates a strong fiscal first quarter, largely attributed to the initial rollout of devices powered by the Snapdragon 8 Elite Gen 5.
Qualcomm’s optimistic outlook reflects a broader industry trend toward on-device AI processing. The Snapdragon 8 Elite Gen 5 delivers enhanced performance in CPU, GPU, and NPU capabilities, enabling advanced AI features and a more connected ecosystem, particularly in collaboration with google.This momentum is already visible in newly released smartphones like the Xiaomi 17, OnePlus 15, and RedMagic 11 Pro.
Beyond smartphones, Qualcomm is expanding its reach into automotive and XR. The company expects continued growth in Snapdragon-powered vehicles and smart glasses, including upcoming Android XR glasses from manufacturers like Samsung. these glasses will leverage Gemini AI capabilities, positioning them as a more affordable alternative to devices like the Ray-Ban meta (Gen 2) and the Galaxy XR headset, possibly accelerating adoption of XR technology.
Looking ahead, Qualcomm anticipates a substantial share in Samsung’s next Galaxy S series, specifically the S26 lineup. While specific figures weren’t disclosed, the company indicated a high degree of confidence in securing a significant portion of the chipset supply for Samsung’s 2025 flagship devices. This partnership underscores Qualcomm’s position as a leading provider of mobile technology and its growing influence in the premium smartphone market.
