News Articles

Thursday, April 19, 2012

Qualcomm reports another record quarter

Wireless technology business Qualcomm Incorporated has announced results for the second quarter of its current financial year. Revenue was up 28% year-on-year to $4.94 billion (£3.08 billion), while net income was up 123% year-on-year to $2.23 billion.

Dr Paul E Jacobs, chairman and CEO of Qualcomm, said “I am pleased to report another quarter of record revenues and earnings per share, driven by strong demand for 3G- and 4G-enabled devices across both developed and emerging regions. We are excited to see the continued growth of 3G and 4G smartphones, as well as new mobile computing devices. We are increasing our operating expenses to facilitate additional 28 nanometer supply and to continue to position our industry-leading chipset solutions for the opportunities ahead.”

The company currently estimates that around 915 million Qualcomm-equipped 3G and 4G devices will be sold this year, a 15% increase on 2011.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 1236

Tags: 4gqualcomm3g

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«May 2017»
MonTueWedThuFriSatSun
24252627282930
1234567
891011121314
15161718192021
22232425262728
2930311234

Archive

Terms Of Use | Privacy Statement