Roundup: Texas Instruments lowers overall cell phone forecast, but women drive smart phone sales
Texas Instruments says cell phone sales weakening: TI said that sales of chips for wireless handsets were “unseasonably weak,” causing the bellwether company for the cell phone economy to lower its second-quarter earnings outlook. The Dallas-based chip maker said that it expects revenue to be $3.17 billion to $3.28 billion, compared with the previous estimate of $3.08 billion to $3.32 billion. It’s interesting that TI is seeing the slowdown in advance of one of the biggest… Continue Reading