Qualcomm gives weak profit forecast, cites component shortages and rising costs

Qualcomm issues a disappointing profit forecast for the current quarter, signaling that component shortages and rising costs are impacting its main smartphone processor market. CEO Cristiano Amon says prices will rise as costs increase.

• Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
• Qualcomm Profit Forecast Misses Estimates in Sign of Phone Woes