Qualcomm reports solid first quarter profits thanks to strong smartphone demand
Net profit for the first fiscal quarter was up 36% to $1.91 billion on revenues of $6.02 billion which were up 29% in their own right. Qualcomm’s licensing saw handsome increases in revenues as well, up 20% and comprising about 1.8 billion of the revenue earned. Equipment and services sales rose 33% to $4.2 billion. Qualcomm shipped 182 million modem chips.
It looks as though Qualcomm has been able to address the challenges of meeting demand and the strong quarter has fueled the company to raise its outlook for the rest of its fiscal year. Next quarter, Qualcomm has set a target revenue of $5.8 to 6.3 billion and believe the revenue for the year overall will be up to $23.4 to $24.4 billion from a previously forecast $23 billion even.
Even as Apple and Samsung look to design their own CPUs, Qualcomm’s products are still in high demand, and the company’s licensing model is assured to earn revenues as LTE remains the next benchmark for the foreseeable future.
source: The Wall Street Journal
1. wendygarett (unregistered)
You should thanks to blackberry 10 as well, because bb10 has shown your true power and beat the ios a6 chips in term if speed tho...
wait, is bb10 use dual core snapdragon s4?
2. Nathan_ingx (Posts: 2951; Member since: 07 Mar 2012)
It is a dual-core processor but the make hasn't been confirmed yet, as of now. But it won't be long before the 'clock' starts ticking...
3. wendygarett (unregistered)
But most reviews say its a Qualcomm tho...
4. Nathan_ingx (Posts: 2951; Member since: 07 Mar 2012)
We'll have to see about that Mr. Siow W C, don't we? :D
6. wendygarett (unregistered)
what the... lol...
7. Nathan_ingx (Posts: 2951; Member since: 07 Mar 2012)
Got you! Hahaha...of all the people, am i the first to break into your name?