🌍The majority of the business is focused on diversifying, but handsets remain a significant part.
💼Inventory has stabilized since last quarter, indicating a return to normalcy.
📱The premium tier of the Android ecosystem remains strong and contributes to positive sales.
🏭Industrial inventory is a smaller part of the business but expected to grow in the coming quarters.
🇨🇳China sales reflect positive customer demand and market opportunities.
What is the current state of inventory in the retail industry?
—The inventory in the retail industry has stabilized since last quarter, indicating a return to normalcy.
What role do handsets play in the business?
—Handsets remain a significant part of the business, but the majority of the focus is on diversifying.
Is the premium tier of the Android ecosystem still strong?
—Yes, the premium tier of the Android ecosystem remains strong, contributing to positive sales.
What is the current status of industrial inventory?
—Industrial inventory is a smaller part of the business, but growth is expected in the coming quarters.
How are sales in China reflecting customer demand?
—Sales in China indicate positive customer demand and market opportunities.
00:00The video discusses the inventory commentary in the retail industry and addresses the misconceptions surrounding it. It highlights the focus on diversifying the business while acknowledging the significant role of handsets. The stabilization of inventory since last quarter indicates a return to normalcy.
01:15The premium tier of the Android ecosystem remains strong and contributes to positive sales. The smaller but growing industrial inventory is expected to see growth in the coming quarters.
02:10China sales reflect positive customer demand and market opportunities. The video emphasizes the strong relationship with China and the differentiated technology.
02:47The video addresses the geopolitical challenges in China, highlighting that Qualcomm focuses on what it can control and maintains a strong relationship. The company's diversification into automotive and industrial sectors also contributes to the expansion of the China business.
04:31The video discusses the uncertainty surrounding the phone market and the potential for an upgrade cycle driven by the premium tier and Gen AI. The financial impact of on-device processing of generative A.I. tools and large language models is also discussed.
06:23Qualcomm's licensing business is stable, with agreements in place with Apple and Chinese customers. The company's partnership with the automotive industry, especially in Alto, contributes to future growth and financial stability.
