Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 30 January 2014 09:46

Qualcomm doing okish

Written by Nick Farrell



Higher revenue but lower than expected

Chipmaker Qualcomm posted higher fiscal first-quarter revenue which was slightly lower than what the cocaine nose jobs of Wall Street predicted. 

The man who sounds like a homemade bomb for someone with a speech impediment Chief Operating Officer Steve Mollenkopf told assorted hacks that smartphone industry was moving away from wealthy markets such as the United States and toward China and other emerging economies, where consumers favor less expensive devices.

He said the company flogged more mobile chips than it expected in the December quarter and that it was making progress in trimming its operating expenses. It expects demand for its chips to grow later this year as leading mobile carrier China Mobile rolls out mobile services using the advanced LTE technology Qualcomm dominates. Qualcomm had first-quarter net income of $1.88 billion, down 2 percent.

While the majority of Qualcomm's revenue comes from selling baseband chips that let phones communicate with carrier networks, most of its profit comes from licensing patents for its ubiquitous CDMA mobile technology. As phone prices edge lower, Qualcomm receives less royalty revenue. Average prices for mobile in the September quarter, used to calculate licensing revenue for Qualcomm in the December quarter, were between $219 and $225, the company said. That was less than the $223 to $229 range that Qualcomm estimated for the June quarter in its previous earnings statement.

Mollenkopf said Chinese authorities had told Qualcomm that the substance of an antitrust investigation into the chipmaker, launched in November, were confidential. He said Qualcomm was cooperating but declined to comment further on the investigation, which could potentially lead to a record fine exceeding $1 billion.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments