Mobile-phone chip-making giant Qualcomm Inc. expects a surge in smartphones sales next year as consumers flock to 5G-capable devices such as Apple Inc.’s new iPhone 12 that helped lift its latest results.

Qualcomm, a leading supplier of the chips powering 5G equipment, is projecting shipments of 450 million to 550 million 5G smartphones in 2021, at least double the expected total this year.

Handset…

This post first appeared on wsj.com

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