(Bloomberg) — Qualcomm Inc. , the biggest maker of smartphone processors, fell 8.2% in late buying and selling after it delivered a tepid gross sales forecast for the present quarter, indicating that demand for cell gadgets stays weak. Most Learn from Bloomberg Qualcomm stated Wednesday in a press release that gross sales will vary between $8.1 billion and $8.9 billion within the fourth quarter of the fiscal 12 months. The midpoint of this vary is properly beneath the typical analyst estimate of $8.79 billion. The forecast renewed issues concerning the smartphone business within the grip of its worst downturn in

Virgin Galactic goals to launch clients monthly within the close to time period. Drew Angerer/Getty Pictures Richard Branson’s Virgin Galactic noticed a sea change in its monetary place within the second quarter because the area tourism firm formally started taking up board fee-paying clients. Though the corporate has not but confirmed that its enterprise mannequin is worthwhile, it’s producing considerably extra income Amateur astronauts Lined up. Yesterday (August 1), Virgin Galactic reported income of $1.9 million for the quarter ended June 30, up from simply $357,000 in the identical interval final yr. The Branson-owned firm stated quarterly income was pushed