Samsung Galaxy Note7 fiasco hits Qualcomm's revenue
Samsung's cancellation of the Galaxy Note7 hurt Qualcomm's chip sales, but the company expects other smartphones to fill that void.
The impact of the Note7 fiasco on the company's chip revenue is small, but will ride into the first financial quarter next year, Qualcomm executives said during an earnings call on Wednesday.
Some models of the Note7 used Qualcomm's Snapdragon 820 chip. But sales of the Note7 aren't as big as that of Samsung's Galaxy S7 or S7 edge, which have sold in large volumes.
Other device makers could release high-end devices with Snapdragon chips to replace the Note7, which could fill the void in chip sales, said Steve Mollenkopf, CEO of Qualcomm, during the earnings call.
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