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(Reuters) – Comcast Corp (CMCSA.O) is planning to launch a product that will allow its broadband subscribers to aggregate some video streaming applications, including Netflix, Amazon Prime and YouTube, according to a source familiar with the matter. The product, set to be launched next year, will come with a voice-activated remote and will first be a set-top box, but it could turn into an app itself, the source said correct quality cufflinks uk sale. Comcast has not decided how much it will charge per month for the device and how many apps will be accessible through the device, the source said..
(Reuters) – Qualcomm Inc (QCOM.O) forecast sales revenue for the holiday shopping quarter below analysts’ estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc (AAPL.O), sending its shares down 3.4 percent. The San Diego chipmaker also forecast its fiscal 2019 first-quarter profit above analysts’ estimates, but the better-than-expected outlook was largely due to a one-time tax benefit of about 45 cents per share. Qualcomm is the world’s biggest supplier of chips for smartphones but it has been battered by a slowdown in the industry and the loss of major customer Apple correct quality cufflinks uk sale.
It has also faced repeated challenges to a patent licensing model where it takes a cut of the selling price of a mobile phone, both from antitrust regulators and from customers including Apple, which is suing Qualcomm over its practices correct quality cufflinks uk sale. The iPhone maker has excluded Qualcomm from its new iPhones XS and XS Max and XR that launched in September, instead choosing modem chips from rival Intel Corp (INTC.O). Earlier this summer, Qualcomm warned its shareholders that Apple would likely make that move, but the impact has shown up more swiftly than Wall Street expected..
For Qualcomm’s fiscal first quarter that ends in December, the chip firm forecast revenue of between $4.5 billion and $5.3 billion and adjusted earnings of $1.05 to $1.15 per share. Analysts were expecting revenue of $5.57 billion and earnings of 95 cents per share, according to IBES data from Refinitiv. Qualcomm Chief Financial Officer George Davis told Reuters that about half of Apple’s chip purchases tended to come during the holiday quarter correct quality cufflinks uk sale. Davis said Wall Street analysts may have expected the blow from the Apple loss to be more spread out over the year..
“Our guidance has a reduction of over 50 million (chip) units in the quarter, all of that explained by the absence of being in Apple phones,” Davis told Reuters correct quality cufflinks uk sale. “That’s really the difference.”. On the profit side, Davis said the adjusted earnings per share guidance of $1.05 to $1.15 included a 45-cent-per-share benefit from a tax restructuring that would not repeat. “Net-net, it’s not a disaster,” said analyst Kinngai Chan from Summit Insights Group. “I think Qualcomm can build from here on out with 5G and growth in its adjacent businesses” such as chips for automobiles, Chan said..