Qualcomm raised its forecast for revenues in the year ending September 30, 2009 to between 9.85 and 10.25 billion US dollars, which would amount to a decline of between 8% and 12% on the previous financial year. The chip maker also forecast that about 348 million WCDMA handsets will be shipped worldwide in calendar 2009 compared with 264 million in 2008.
For the quarter ending March 29, 2009, Qualcomm reported a 6% fall in revenues to 2.46 billion US dollars as the global handset market contracted. source: Qualcomm statement
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