Qualcomm (QCOM) Pushes 5G Innovation With New Snapdragon Wearable Platforms and Broader Market Strategy

QUALCOMM Incorporated (NASDAQ:QCOM) ranks among the best 5G stocks to buy now. QUALCOMM Incorporated (NASDAQ:QCOM) shared its strategic vision at the J.P. Morgan Hardware & Semis Access Forum on August 13. The company discussed its objectives for expansion in automotive, IoT, and data centers, as well as problems in the handset industry.

QUALCOMM Incorporated (NASDAQ:QCOM) has high hopes for its handset business due to the expansion of its content and the growing market share of Android, especially in China. With the help of long-term contracts with Samsung and Xiaomi, the company intends to keep a dominant market position in the high-end handset market.

Additionally, QUALCOMM Incorporated (NASDAQ:QCOM) unveiled its Snapdragon W5+ Gen 2 and W5 Gen 2 Wearable Platforms on August 20. The platforms, which make use of Skylo’s Narrowband Non-Terrestrial Network (NB-NTN), are the first to offer satellite assistance to the wearable industry.

QUALCOMM Incorporated (NASDAQ:QCOM) is a leading manufacturer and supplier of core technologies for the wireless sector, with a product line that includes processors that make 5G possible. The company has benefited from the rise in smartphones since the early 2000s by focusing on the technology behind 3G and 4G networks.

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Disclosure: None. This article is originally published at Insider Monkey.