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Qualcomm Reveals World’s Fastest Charging Platform Ahead Of Earnings
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Qualcomm Reveals World’s Fastest Charging Platform Ahead Of Earnings

Qualcomm Technologies (QCOM) has unveiled the Quick Charge 5, the fastest commercial charging technology for Android devices. According to QCOM it “delivers unprecedented mobile phone charging speed and efficiency improvements compared to previous versions while enabling new battery technology, accessories, and safety features.”

The charging platform, which can support more than 100W charging power in a smartphone, allows users to charge devices from 0 to 50% battery power in just five minutes. It is also 70% more efficient than Quick Charge 4 and 10 degrees Celsius cooler, and offers 10 times the power delivery of Quick Charge 1, says Qualcomm.

“Quick Charge 5, our fastest and most versatile charging solution, will enable consumers to enjoy their devices for longer periods of time, without worrying about the time required to recharge. We are proud to expand our technology portfolio and make accessible 100W+ charging a commercial reality,” said QCOM’s Ev Roach.

Right now Quick Charge 5 is currently sampling with customers and is expected to appear in commercial devices in Q3 2020. Quick Charge 5 is supported on Snapdragon 865, 865 Plus, and future premium- and high-tier Snapdragon mobile platforms, the company adds.

Shares in Qualcomm rose 4% in Monday’s trading, bringing the stock’s year-to-date gain to 5%. Overall analysts are cautiously optimistic on the stock’s outlook with a Moderate Buy consensus and $100 average analyst price target (8% upside potential). (See QCOM stock analysis on TipRanks).

“We are expecting Qualcomm to deliver a beat to consensus estimates based on 5G smart phones gaining traction in China” comments Rosenblatt analyst Kevin Cassidy ahead of the company’s upcoming earnings report on July 29.  But he added “We are cautious on the September quarter revenue outlook as demand for 4G phones has declined.”

Ultimately, Cassidy is optimistic on the stock’s long-term outlook, writing “A miss on September quarter revenue should not be a major concern for investors. In our view, the key metrics will be accelerated 5G smart phone introductions and Qualcomm’s increase content per device. This is the first year of a multi-year 5G upgrade cycle.” He has a buy rating on the stock and $105 price target.

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