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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, April 26, 2013

Qualcomm Raises Guidance on Strong Quarter

Qualcomm, a leading maker of wireless chips, said its revenues rose 24% year-on-year in the quarter ending March 31 to 6.12 billion US dollars. It said that shipments of its MSM (mobile station modem) chips rose 14% year-on-year and total reported device sales in the quarter ending December 31 were up 18% to 61.1 billion dollars (Qualcomm earns a small percentage of these revenues in license fees).

The San Diego-based firm said that it now expects its revenues to rise between 25% and 36% year-on-year in the current quarter and between 26% and 31% for the year ending September 30.

“Looking forward, we are seeing strong traction with our new Qualcomm Snapdragon 600 and 800 processors, and we continue to expect healthy growth in 3G and 3G/4G multimode devices around the world,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "We are... raising our calendar 2013 3G/4G device shipment estimates and our revenue and earnings guidance for fiscal 2013." source: Qualcomm statement

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