PALO ALTO, California -- Qualcomm recorded over 50% year-on-year revenue growth from Chinese smartphone makers in the April-June quarter, the U.S. chipmaker said Wednesday, as growing demand for AI features in smartphones has fueled sales.
"AI has expanded the size of the premium [handset] tier. So even in a market which is kind of flattish to a low single digit in growth, the premium tier is actually growing faster. And we've seen that. We've seen a larger premium tier enabled by AI," Qualcomm CEO Cristiano Amon said at an earnings call, adding that he expects several Chinese handset makers to launch flagship phones with AI features soon.
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