News Articles

Thursday, July 19, 2012

Qualcomm publishes quarterly results

Wireless technology company Qualcomm Incorporated has announced financial results for the third quarter of its current financial year. The figures, which cover the three months until 24th June 2012, show revenue and profit up year-on-year but down from the previous quarter. Sales of devices with Qualcomm chips were slower than expected, although they’re expected to pick up towards Christmas.

Revenue reached $4.63 billion (£2.96 billion), up 28% from the same quarter in 2011 but down 6% sequentially. Net income of $1.21 billion was up 17% year-on-year but down 46% sequentially.

Dr Paul E Jacobs, chairman and CEO of Qualcomm, said “Adoption of 3G and 3G/4G technologies continues around the world, driving strong year-over-year growth in our chipset and licensing businesses this quarter. Looking forward, our growth estimates for 3G/4G device shipments in calendar 2012 have moderated slightly, and we now expect the demand profile of the calendar year to be more back-end loaded as new devices are launched for the holiday season. Although our outlook for semiconductor volumes in the fiscal fourth quarter has been reduced from our prior expectations, we are ramping supply of our 28 nanometer chipsets to help enable what we expect to be a strong December quarter for our semiconductor business.”

Between 206 million and 211 million 3G/4G mobile devices with Qualcomm chips were shipped during the quarter.

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

Categories: Handsets and manufacturers, NewsNumber of views: 1176

Tags: qualcomm

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

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement