Snapdragon demand pushes Qualcomm fiscal Q3 profit up 31%
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.