DAVOS, Switzerland—Qualcomm Inc CEO Cristiano Amon sees growth for the chip supplier as consumers increasingly want “better phones,” he said in an interview on Wednesday at the World Economic Forum, even as talk about an economic slowdown dominates the event in the Swiss ski town of Davos.
“Qualcomm has redefined its mobile strategy to be focused on premium and high-tier, and we’re winning share in a flat market,” Amon said. “For example, with devices such as the Samsung Galaxy, we had a 40 percent share and now we have in excess of 75 percent.”
Amon said the market for smartphones is “mature,” limiting growth. Risks to the global economy have topped the concerns of the world’s business leaders, policymakers, and academics at the annual Davos gathering, with some citing the threat of a worldwide recession….