Snapdragon demand pushes Qualcomm fiscal Q3 profit up 31%

Snapdragon demand pushes Qualcomm fiscal Q3 profit up 31%
Earlier today, we ran a story about how MediaTek could overtake Qualcomm in the mobile space because the biggest growth market right now is in low-end devices, which is where MediaTek lives, and Qualcomm is just a visitor. But, whatever the future may hold, Qualcomm's fiscal Q3 earnings report shows that the company is doing quite well in the here and now.

Qualcomm is saying that profits are up 31%, and that revenue was up 35% to $6.24 billion.. For it's fiscal Q3, which ended June 30, Qualcomm reported a profit of $1.58 billion, or 90 cents a share, up from fiscal Q3 2012 which had profits of $1.21 billion, or 69 cents a share, a year earlier. It also said that total shipments in the third quarter numbered 172 million units, which is an increase of 22% year-on-year.

For the fiscal year ending in September, Qualcomm is projecting revenue to be in the range of $24.3 billion to $25 billion. The company is also projecting per-share income of $4.48 to $4.56. Both per-share numbers and yearly revenue are higher than previously projected. 

source: WSJ


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22 Comments

1. pokerc

Posts: 60; Member since: May 24, 2012

Cause they're awesome!

5. AnTuTu

Posts: 1596; Member since: Oct 14, 2012

A wonderful competitor of Samsung's Exynos chipset.

7. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

The Exynos chip is an ARM design, not a Samsung design, and while competent, it's no Qualcomm competitor. Qualcomm sells hundreds of millions of its chips, and last I checked, the Exynos chips sell a few tens of millions a year.

10. AnTuTu

Posts: 1596; Member since: Oct 14, 2012

Whatever but it is developed and manufactured by Samsung Electronics and is a continuation of Samsung's earlier S3C, S5L and S5P line of SoCs.

13. Birds

Posts: 1172; Member since: Nov 21, 2011

I didn't get the point of Napalm_3nema's comment to be honest.... I though your point was clear.... It didn't see why He/She felt the need to go into detail about the chipsets being used.

16. AnTuTu

Posts: 1596; Member since: Oct 14, 2012

Its because some people have to prove their extra smartness to others. And you can see the example in Comment 7

18. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

I was just pointing out that too many people give Samsung too much credit for their chips, when they do little more than fab (There are some modifications, but they are minor). Qualcomm, like Apple, Intel, Nvidia, and AMD, design their own chips. Apple, Nvidia, and Qualcomm all use ARM reference as a starting point, then use their ARM Architecture licenses to design their own, unique SoCs. The volume is a differentiator for Qualcomm, as is the actual design.

19. AnTuTu

Posts: 1596; Member since: Oct 14, 2012

You are nothing but a Samsung hater dude. "I was just pointing out that too many people give Samsung too much credit for their chips, when they do little more than fab" Really???

20. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

I have owned plenty of Samsung phones, including the S4. Maybe you should try to get outside your little fandroid Samesung box sometime.

8. InspectorGadget80 unregistered

more awesome THAN NVIDIA

2. Shatter

Posts: 2036; Member since: May 29, 2013

Qualcomm needs to make desktop chips, intel has a monopoly on them.

4. Birds

Posts: 1172; Member since: Nov 21, 2011

One day they will.

11. lsutigers

Posts: 832; Member since: Mar 08, 2009

Desktop demand is way down, which is exactly why Intel is making a big push into mobile chipsets. Qualcomm is in the right sector but I suppose it wouldn't hurt to get into desktop chipsets it they successfully compete with Intel, so long as their mobile business does not suffer.

9. janjhel1907

Posts: 12; Member since: Jun 21, 2013

i think its suicidal to fight for desktop chips with intel.. intel is a beast!! but they should try,, whahahha..

12. Shatter

Posts: 2036; Member since: May 29, 2013

Intels baytrails make a15/krait look like garbage lol.

3. Birds

Posts: 1172; Member since: Nov 21, 2011

2013 is almost over? Where was I? Way to go Qualcomm...

17. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

Fiscal 2013 is almost over. Many, but not all, FYs begin on October 1.

6. imkyle

Posts: 1112; Member since: Nov 18, 2010

I think I like the Snapdragon better than the Tegra series.

14. Shatter

Posts: 2036; Member since: May 29, 2013

Tegra > Games Snapdragon > CPU power

15. imkyle

Posts: 1112; Member since: Nov 18, 2010

Nailed it.

21. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Great...!!! Power efficiency is their main motto.

22. Sondae

Posts: 291; Member since: Jan 02, 2013

Well i hope qualcomm continue in making a good chip to compete others in the market. I sure hope they make a low end chip that doesnt lower the performance and gpu performance.

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