About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, January 29, 2010

Qualcomm Sees Subdued Recovery

Thanks to "healthy demand for our chipsets and strong shipments of 3G devices by our licensees," Qualcomm said that its revenues rose 6% year-on-year to 2.67 billion dollars in the quarter ending December 27, 2009. However, the wireless chip maker said it expects revenues in the current quarter to fall between 2% and 6% year-on-year from the 2.46 billion dollars it earned in the same quarter last year.

"A subdued economic recovery in developed regions, including Europe and Japan, combined with relative strength at the lower end of the market, is changing our estimated 3G device average selling price and chipset mix for this fiscal year," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.

Qualcomm said that it expects its revenues in the year ending September 27, 2010 to be between 10.4 billion and 11 billion dollars, compared with 10.39 billion dollars in the previous year, on a like-for-like basis. The San Diego-based chip maker expects the mobile industry to ship 394 million WCDMA handsets in calendar 2010 compared with 308 million in calendar 2009.  source: Qualcomm statement

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