14 DAY TRIAL // NVIDIA's Tegra 2 SoC may be the more popular ARM-based platform among tablets makers so far, but Qualcomm is, of course, not daunted in the least, having great plans ahead.
Like so many other companies that have made a name for themselves on the IT market, Qualcomm has presented its financial status and given some heads up as to what it will do next.
Apparently, the company has provided the details concerning the first fiscal quarter of the year, and the figures are nothing if not impressive.
Compared to the first quarter of FY 2010, the outfit returned earnings of $3.35 billion, which corresponds to a 25% jump.
Additionally, the profit was 39% higher than last year, of $1.17 billion, no doubt because Qualcomm sold about 118 million Mobile Station Modem (MSM) chips.
“We are very pleased to report record revenues, earnings per share and MSM chipset shipments this quarter driven by increased demand for smartphones and data-centric devices across an expanding number of regions and price points,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.
“In addition, we have resolved one of our previously disclosed licensee disputes, which will be reflected beginning with the second fiscal quarter results. We continue to execute on our strategic objectives as our partners leverage our technologies and solutions to offer leading wireless products and services to consumers around the globe. We believe we are uniquely positioned to benefit from these industry trends and are substantially raising our revenue and earnings guidance for the fiscal year.”
Moving forward, the company expects to reap much profit for the 1.2GHz MSM8660 dual-core, which will supposedly be used in over 60 products.
The outfit even took the time to make a special mention of the tablet front, saying that more than 20 slates will show up sooner or later, out of 150 Snapdragon devices.
“We currently have more than 150 Snapdragon devices in development, including more than 20 tablets,” said Qualcomm EVP Steve Mollenkopf.