Qualcomm sees increased net income in Q2 of fiscal 2014, revenue slightly less than Q1
At the same time, Qualcomm's operating income during the last trimester skyrocketed 33% - the chip maker earned as much as $1.99 billion, which is a 6% increase compared with the same time period back in 2013. These numbers tell us that the company continues to steadily increase its overall profitability. The record-breaking Non-GAAP earnings per share also confirm this – over the last quarter, Qualcomm has seen diluted earnings of $1.31 for each one of their shares, which is 4% more than in the previous trimester.
You might be wondering how many chipsets the company sold in order to achieve these financial results – well, Qualcomm discloses that the number you are looking for is no more or less than 188 million MSM (mobile station modem) chipsets. Still, that is 12% less than the amount of Qualcomm-branded MSM units that got retailed during the previous quarter.
Qualcomm was the dominant player on the smartphone chipset market in 2013, leaving its main rivals - MediaTek, Intel, and Broadcom – far, far behind. The largest smartphone manufacturers will probably continue to prefer Qualcomm's products – Microsoft was the latest tech giant that confirmed its loyalty to the California-based SoC maker.