Saturday, December 16, 2017
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Galaxy A8, A8 Plus and LG K Series to Appear at CES
North Korea Behind attacks on Cryptocurrency Exchanges: report
BlackBerry Ends Support for Priv, Talks About the Future of BB10
Google to Shut Down Project Tango in March 2018
Facebook Admits Spending Time on Social Media is Bad for You
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 05, 2015
Qualcomm Profit Shrinked Following Low Chip Sales

Mobile chip giant Qualcomm said that its net income declined 44% in the fourth quarter, as the company continues to struggle with China over licensing and declining chip sales.

Revenue for the fourth quarter declined to $5.5 billion, a 19% drop from the same quarter last year. Net income was $1.1 billion, down 44% from the previous year.

Qualcomm?s mobile chip shipments declined 14% over the previous year to 203 million units.

"Our fiscal fourth quarter revenues and EPS were at the high end of our expectations, with stronger-than-expected MSM chipset shipments offsetting slower than expected progress concluding new license agreements in China," said Qualcomm CEO Steve Mollenkopf in a statement.

"We are encouraged by customer reaction to our flagship Snapdragon 820, are on track to deliver on our fiscal 2016 cost reduction targets and expect to exit fiscal 2016 on an improving financial trajectory," he aded.

Qualcomm had to undergo an antitrust investigation from the Chinese government around the chip company's licensing model for its 3G and 4G modems. Qualcomm had to pay off a nearly billion dollar fine to keep the Chinese government off its back.

In addition, Qualcomm has lost its biggest customers, Samsung. The Korean phone maker's Galaxy S6 line dropped Qualcomm Snapdragon 810 mobile chipset in favor of its own application processors. The Snapdragon 810 was plagued with rumors of overheating. The Snapdragon 820 looks like it's shaping up to do better over all. Mollenkopf reported that the Snapdragon 820 has won more than 60 design wins on Qualcomm's earnings calls.

The Snapdragon 820 will power smartphones that will appear in the second half of calendar 2016. Samsung is rumored to make them using its advanced FinFET technology. Mollenkopf just said that his company's relationship with Samsung "is getting better, not worse."

Qualcomm is also trying to put its chip in new products other than smartphones, such as Internet of Things products and drones. The company has been developing specialized chipsets based on its Snapdragon mobile chip.

Canon Showcases 8K Camera, 360-degree 3D videos And 4K Projectors At Canon EXPO        All News        Tokyo University Of Science Develops 2TB Holographic Optical Disc
Youtube Now Supports VR Videos     General Computing News      Ads Keep Facebook's Revenue High

Get RSS feed Easy Print E-Mail this Message

Related News
BlackBerry and Qualcomm Extend Relationship to Deliver Automotive Platforms for Vehicles
Qualcomm Snapdragon 845 Soc Supports 4K HDR video Capturing, Fast Neural Processing Performance
Qualcomm Showcases "Always Connected" Snapdragon PCs by Asus and HP, Snapdragon 845 Details
Broadcom to Nominate 11 Directors for Election at Qualcomm's 2018 Annual Meeting as Takeover Fight Escalates
Qualcomm, Apple Exchange Fresh Complaints
Apple Countersuits Qualcomm Over Patent Infringement
Broadcom Considering Increasing Qualcomm Bid
Broadcom, Qualcomm and NVIDIA Remain Top Fabless IC Design Houses
Qualcomm Board Unanimously Rejects Broadcom's Take Over Proposal
Qualcomm to Reject Broadcom's $103 billion Offer: reports
Qualcomm Signs Memoranda of Understanding with Xiaomi, OPPO and Vivo
Qualcomm Ships the 10nm Centriq 2400 Server Processor

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .