Qualcomm (QCOM): Automotive Growth Meets Pressure on Handset Earnings

QUALCOMM Incorporated (NASDAQ:QCOM) sells more technology into vehicles while its larger smartphone business weakens. That makes automotive diversification important, but it raises a practical question: can the new growth get big enough to protect overall profits? At roughly 20 times forward earnings, investors pay for progress beyond handsets before automotive revenue can fully replace that […]