Expectations are running high for the Samsung S8, which has garnered positive reviews and is launching on Friday.
Qualcomm's earnings beat lost some of its impact due to the chip company's ongoing legal dispute with Apple.
The company beat estimates, issued light guidance and disclosed it only received some of the iPhone royalties it thinks it's owed. Markets were bracing for worse news.
If you piece things together from what companies tell you, the picture is pretty positive.