Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business. “It’s availability of supply,” Amon told Reuters of the Apple share change.For fiscal 2027, the company expects the majority of its chip sales will come from categories other than smartphones. It forecast revenue of between $9.7 billion and $10.5 billion during the period, compared with estimates of $10.02 billion. Revenue in its chip segment is expected to be between $8.4 billion and $9 billion, while analysts were expecting $8.49 billion. Qualcomm reiterated that revenue from Chinese phone makers bottomed out in the third quarter as customers worked through excess inventory.