Mobile chip giant Qualcomm's (NASDAQ: QCOM) results are in for the last three months of 2022 (Qualcomm's fiscal 2023 first quarter), and they were as expected: not great.

As has been the case for other consumer-facing chip designers, financials are suffering as smartphone sales slowed this winter. Much of the slowdown was caused by a sharp drop-off in consumer electronics spending after more than two years of early pandemic-fueled phone, PC, and laptop spending.

As far as Qualcomm management is concerned, this slump still has its limits, and growth should make a comeback in the second half of 2023. For investors who like dividends and the potential for stock price growth, there's still a lot to like about this stock.

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Source Fool.com