Cristiano Amon

It's our inseparable device.

And people want always to get a better device when they buy a new device.

What we see right now is the expansion of the premium tier.

So the market, Caroline, the units of handset market is still smaller on an annual basis than it used to be before COVID.

But what has happened and is driving a lot of growth from Qualcomm and Android over the past several years is the premium tier is expanding in size.

So if you look at the United States market, most of the devices are premium tier.

Most people will buy like an iPhone or a Galaxy.

That's now happening everywhere in the world.

It's happening in China, it's happening in India.

So we see premium tier expanding.

That makes a much richer market for us.

And then we see phones becoming more capable.

more compute, more AI that is driving silicon content.

That's why Android continues to grow with Snapdragon 8.

And I think the upside that we have seen above expectations is really Android expansion for Qualcomm.

Look, right now, what you probably see in terms of the speed, it's automotive.

I think we have been growing significantly on an year-over-year basis.

And most of our growth, again, like the conversation with Hanset, has nothing to do about the market size.

It's just us gaining share.

Those cars becoming really computer on wheels.