Friday, August 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
German Regulator Will Pursue Complaint Against Publishers
IBM Tries To Strengthen Its Presence In China With Local Vendor Deal
Demand For iPhone 6 Screens Add Perssure To Supply Chain
Intel Highlights Its Wireless Computing Plans
Ouya Parners With Xiaomi On Games
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Mobiles > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 23, 2014
Qualcomm Reports Less Than Expected 2Q Revenue


Qualcomm on Wednesday posted quarterly revenue that missed expectations as smartphone sales were slow for the specific period.

The chipmaker reported fiscal second-quarter revenue of $6.37 billion, up 4 percent from the year-ago period.

Less growth than expected in recent months in China, where China Mobile is preparing to launch a new, faster network with 4G, or LTE, technology, hurt Qualcomm's results in the quarter, said Chief Executive Steve Mollenkopf.

With growth in the smartphone industry moving toward China and other developing countries, Qualcomm's revenue growth is slowing and it is focusing on costs to preserve its profitability.

China and other developing countries are a major opportunity for the San Diego company as consumers upgrade from feature phones to smartphones and as China Mobile rolls out its 4G network with technology that Qualcomm dominates.

But China also presents challenges for Qualcomm as its competes with local rivals like MediaTek to sell chips used in smartphones made by Chinese manufacturers like Huawei and Xiaomi.

Qualcomm had second-quarter net income of $1.96 billion, up 5 percent. Qualcomm said revenue in the fiscal third quarter, which ends in June, would be between $6.2 billion and $6.8 billion.




Previous
Next
Facebook Enjoys High First-quarter Revenue        All News        iPhone Sales Drive Apple's Record March Quarter Revenue
Cyberlink PhotoDirector Coming To Android Phones     Mobiles News      iPhone Sales Drive Apple's Record March Quarter Revenue

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm's Profit Hurt by Dispute Over China Royalties
Samsung To Manufacture Qualcomm's Mobile Application Processors
Qualcomm To Make Snapdragon chips In China
Qualcomm Acquires WiGig Leader Wilocity
Rambus Signs License Agreement with Qualcomm
Qualcomm Introduces Small Cell SoC For Access Points
Qualcomm Demonstrates Live LTE-TDD Broadcast In China
Qualcomm Establishes Retail Solutions Subsidiary
Qualcomm Introduces New Snapdragon 810 and 808 64-bit Processors
Qualcomm to Optimize Spectrum Usage with MU-MIMO for Wi-Fi
Qualcomm and Deutsche Telekom Collaborate on LTE Direct Operator Trial
Qualcomm Announces 64-bit Octa-Core Chipset with Integrated 5 Mode Global LTE

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .