Mobile phone chipmaker Qualcomm reported a 39% year-on-year increase in revenues to 4.12 billion US dollars in the quarter ending September 25, 2011. "We delivered record revenues, earnings and MSM chipset shipments, driven by the popularity of smartphones, continued adoption of 3G technologies, particularly in emerging regions, and our industry-leading patent portfolio," said Paul Jacobs, CEO of Qualcomm.
Qualcomm forecast that its revenues in the current quarter will be between 4.35 billion and 4.75 billion dollars, which would amount to a year-on-year increase of between 30% and 42%. source: Qualcomm statement
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