toggle

AAPL Stock: 122.77 ( -1.73 )

Printed from http://www.macnn.com

Qualcomm revenue up 40%, outlook too through iPhone, Android

updated 06:00 pm EST, Wed February 1, 2012

Qualcomm fiscal Q1 2012 and outlook hit records

Qualcomm posted record results for the fall that could be credited to the rapid rise not just of mobile devices as a whole but specific partners. Its revenue was up 40 percent to nearly $4.7 billion, while its profit also climbed to 20 percent, or $1.4 billion.

The company credited the breakthrough to MSM cellular chip sales that were at "all-time highs" thanks to smartphones. CEO Paul Jacobs was optimistic about 2012 and saw his company raise its forecasts to where its revenue would grow another 19 to 29 percent and ship another 24 to 31 percent more MSM chipsets, peaking at 146 million to 154 million. It could make as much as $18.7 billion to $19.7 billion in revenue all year, or as much as 25 to 32 percent more.

"Broad licensing partnerships" and an "extensive chipset roadmap" would be key to that future, Jacobs said.

Although not breaking down shipments by the customer, Apple's iPhone 4S played a large part. The smartphone is Apple's first completely new model to use a Qualcomm chipset and, because of dual-mode support, can use that one chipset regardless of the carrier. At 37 million iPhones and the top spot in smartphones, it was more influential than Samsung, HTC, and others whose Android and Windows Phones play a large part but sometimes have to use other chipsets.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented