Qualcomm’s 4th Quarter Earnings
Qualcomm have just announced their earnings for the fourth quarter for this year. As it stands it looks like Qualcomm has increased its revenue in the fourth quarter this year compared to same quarter of last year. With the increase in revenue also there are some improvements in their income numbers. To be exact the revenue numbers stands at USD 6.69 billion (MYR) while net incomes is at USD1.89 billion (MYR). The Revenue has risen three percent compared to last year in the same quarter while net income grew about 26 percent year-on-year. Despite the year-on-year improvement though the same cannot be said if their earnings was compared to the previous quarter. It looks though that the revenue has dipped by two percent compared to the last quarter while net income dropped by 15 percent compared to the third quarter this year.
One of the key highlights to the report is that Qualcomm managed to increase its shipment of the MSM chipsets in this quarter. They ship around 236 million units of those stuff including the Snapdragons that we all adore. They have managed to ship 24 percent more of the chipsets compared to the last year while from the third quarter they managed to ship five percent more chipsets despite the decreased income. However it is reported that the sales in the June quarter of USD57.4 billion is a drop of five percent year-on-year and one percent compared to the last quarter.
Qualcomm looks towards a bright 2015 though as they predicted that the Chinese market to continually grow. They reported that the market in China presents opportunities for them to grow especially in the 3G/4G multimodes. But it will not be as easy as we all think though since Qualcomm in China is still under investigation by China National Development and Reform Commission (CNDRC) as of September 2014. Other than that though we will not be surprised as well if Qualcomm excels in other part of the world as the demand for smartphones continue to grow. With that growth Qualcomm, one of the most sought after names in mobile processing will easily benefit.