Till May 12 QCOMM (Nasdaq) stock was performing well by reaching $81. Suddenly, at the close of that day, it fell to $78.405. Then, $76 indicated the bottom price of this week. Now its price at $79.87 that could give some hope for $80. Unfortunately, Q1 2020 earned less income for common stockholders. We may say for sure it is because of the COVID-19 lockdown. Most of Qualcomm’s customers are smart device manufacturers like Samsung, Nokia, Sony, D-link, and others. Their smart devices’ demand fell sharply as people need only essentials to survive the pandemic.
After the pandemic tech companies, most possibly, will restore their stock prices and even gain some growing rates as other opportunities may appear.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life