Qualcomm raises full-year forecast on smartphone d
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By Noel Randewich SAN FRANCISCO (Reuters) - Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow. Qualcomm said it expects full-year revenue of $24.0 billion to $25 billion, up from its prior forecast of between $23.4 billion and $24.4 billion. Qualcomm reported fiscal second-quarter revenue of $6.12 billion, up 24 percent from the year-ago period. It said revenue in the current quarter would be between $5.8 billion and $6.3 billion. Analysts on average expected second-quarter revenue of $6. ...
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