Qualcomm has just announced record revenues for the first quarter of 2012 (Q1 2012), which is no small feat given that the company is already flying high. For comparison, the revenues of $4.68B are up 14% from last quarter, and up 40% when compared to the same quarter last year. If those $4.68B, Qualcomm has earned $1.4B in net income.
According to Qualcomm’s CEO, Dr. Paul E. Jacobs, the company largely continues to benefit from the rise of smart and connected devices. He cites the Snapdragon line of products as being the tip of the spear in the current product mix. With the current ramp up of 4G LTE products and the constant evolution of HSPA+, it seems that Qualcomm is poised to do well in the intermediate future.
Although challengers are out there with specific pro and cons (TI, NVIDIA, ST-Ericsson…), Qualcomm remains a formidable competitor and is often among the first chip manufacturer to offer practical solutions to carriers and handset makers. As of now, Qualcomm thinks that the second quarter of 2012 will be even better and the company is optimistic about the full year 2012.
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