... chipsets business (QCT division), where sales have started to grow as inventory normalizes among phone manufacturers. However, there are also counterbalancing factors: in the second half of 2025, Apple plans to partially switch to its own modems for iPhones, which may reduce Qualcomm’s income in the future. Investors will be looking for answers to two questions in the report: how sustainable the current recovery is (is there guidance for further sales growth in the smartphone and automotive solutions ...