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Qualcomm (QCOM) unveils handheld gaming console

By Mensholong Lepcha

08:52, 2 December 2021

Qualcomm Snapdragon logo
Qualcomm Snapdragon logo – Photo: Shutterstock

US-based wireless technology major Qualcomm unveiled its first-generation handheld gaming console on Wednesday in a bid to challenge Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox.

Qualcomm said it partnered with gaming hardware developer Razer to build the first Snapdragon G3x Handheld Gaming Developer Kit.

“Together, Qualcomm Technologies and Razer will lead the way with new and innovative solutions that push the boundaries of fidelity and quality available in portable gaming, transforming the way these games are experienced,” said chief executive of Razer, Tan Min-Liang.

Snapdragon upgrade

Earlier this week, Qualcomm also unveiled its latest Snapdragon semiconductor chip system, which are widely used in smartphones that utilise the Android operating system.

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“The new Snapdragon 8 leads the way into a new era of premium mobile technology equipped with cutting-edge 5G, AI, gaming, camera, and Wi-Fi and Bluetooth® technologies to transform the next generation of flagship devices,” said Qualcomm.

The company added that the Snapdragon 8 Gen 1 will be adopted by smart phone brands including Motorola, OnePlus, Sony, Xiaomi and ZTE, among others by the end of 2021.

Read more: Qualcomm (QCOM) hits record high on bullish revenue forecast

Markets in this article

QCOM
QUALCOMM Inc (Extended Hours)
129.92 USD
1.7 +1.330%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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