Qualcomm on Wednesday reported record earnings for the first quarter of fiscal 2012. The company took in $4.68 billion in revenue, up 40% year-over-year and 14% sequentially, beating Wall Street’s estimate of $4.58 million. Qualcomm’s net income of $1.4 billion was up 20% year-over-year and 25% over the fourth quarter. The firm also managed earnings of $0.97 per share, up 18% year-over-year and ahead of the Street’s EPS estimate of $0.90. Qualcomm boosted guidance for the full year, saying it expects to report between $18.7 billion and $19.7 billion in revenue for 2012. It had previously said revenue would likely fall between $18 billion and $19 billion. “I am pleased to report another record quarter with revenues, earnings and MSM shipments reaching all-time highs, driven by our industry-leading chipset portfolio and the continued strong demand for smartphones around the world,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “We are raising our revenue and earnings guidance as our broad licensing partnerships and extensive chipset roadmap, led by our integrated Snapdragon processors, position us well for strong growth in fiscal 2012. We continue to invest in innovative wireless technologies, products and services, and we are excited about the opportunities ahead as 3G and 4G continue to expand across new device types and geographies.” More →
Apple’s next-generation iPhone will be slimmer than its current iPhone 4 and iPhone 4S models according to a new report, and it may feature a quad-mode chipset that will work across all 3G and 4G LTE networks. In a note to clients on Friday, Morgan Stanley analyst Katy Huberty wrote that Apple’s business will continue to grow despite slowing demand high-end smartphone market. Mirroring a small piece of countless reports, Huberty says Apple’s next-generation “iPhone 5” will feature a new slimmer case. The iPhone 5 will also feature a new quad-mode chip from Qualcomm that could allow it to operate on all 3G and 4G LTE networks, Huberty wrote. Finally, the analyst says Apple will launch the next-generation iPad 3 tablet some time in the first half, at which time it will lower its price on the current iPad 2 tablet to attract a broader range of customers. BGR exclusively reported last month that Apple is preparing to launch a completely redesigned iPhone this fall with an aluminum case and a rubber or plastic bezel that will cover a new wrap-around antenna.
Qualcomm took the stage at the Consumer Electronics Show on Tuesday to highlight the company’s Snapdragon processor line. “Our latest S4 series Qualcomm Snapdragon chipsets will set the bar higher,” said Qualcomm CEO Paul Jacobs. The S4 processor will be coming to TVs, notebooks, and smartphones later this year. Over 20 manufacturers have teamed up with Qualcomm, with over 70 device designs already in the pipeline. Lastly, Windows 8 will support both ARM and Snapdragon chipsets, with Qaulcomm working with Microsoft to deliver S4 processors featuring LTE connectivity. Read on for Qualcomm’s press release. More →
Microsoft CEO Steve Ballmer gave his last CES keynote on Monday night and while it did mark the end of an era, things are just starting to heat up here in Las Vegas. We’ve got a big day in store that will be packed full of hands-on looks at all of the great devices unveiled during this year’s show, but Qualcomm is kicking things off on Tuesday with the opening keynote for day 1. Qualcomm subsidiary Qualcomm Atheros made several announcements Tuesday morning which included the unveiling of the Skifta Media Shifting Platform, a new wireless content streaming solution, and we’ll likely hear more about them during the keynote. What else might Qualcomm have in store for us? The keynote kicks off at 11:30 a.m. Eastern / 8:30 a.m. Pacific, so hit the break for our live coverage. More →
One of the many reasons to buy an NVIDIA Tegra 2-powered device is support for Tegra Zone, NVIDIA’s exclusive gaming portal. Qualcomm is looking to combat the feature, however, and the company announced its own gaming portal on Thursday dubbed the Snapdragon GameCommand. Similar to Tegra Zone, GameCommand will have exclusive content that offers Snapdragon-optimized games for Qualcomm-powered devices. The app will initially only be available in North America and will be released in the Android Market on January 10th. Will we also see an O-Zone for OMAP-optimized games pop up soon? One can only wish. Read on for Qualcomm’s press release. More →
This year’s Consumer Electronics Show is less than a week away and while HTC has plans to announce multiple devices with various carrier partners, the Taiwan-based vendor is seemingly saving its more powerful smartphones for next month. JPMorgan Chase analyst Alvin Kwok wrote in a note to investors on Wednesday that HTC plans to unveil multiple smartphones powered by NVIDIA’s quad-core Tegra 3 processor at Mobile World Congress in February. The handsets will also include Qualcomm’s MSM 8906 4G LTE chipsets, Taiwan-based financial newspaper Commercial Times quoted Kwok as having said. BGR exclusively reported details surrounding the upcoming HTC Edge smartphone, a quad-core Android phone set to be announced at MWC in February. HTC is also expected to unveil the HTC Ville, a dual-core handset thinner than Apple’s iPhone 4S, at next month’s show. While a number of analysts are forecasting a slow year for HTC, Kwok believes the vendor’s shipments will grow 15% in 2012 and 29% in 2013. More →
Following the FCC’s approval last week, AT&T announced Tuesday that it has finalized its acquisition of Qualcomm’s 700MHz spectrum licenses. The spectrum, which was previously used for Qualcomm’s FLO TV product, covers more than 300 million United States residents. AT&T said it paid Qualcomm approximately $1.9 billion in the deal. “This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers,” said AT&T SVP-Federal Regulatory Bob Quinn explained recently. AT&T’s full press release follows after the break. More →
Now that its bid to acquire T-Mobile USA for $39 billion has been put to bed by strong opposition, AT&T has to look elsewhere in an effort to find spectrum that will accommodate the carrier’s ever-growing subscriber base while it transitions to LTE. The carrier is clearly facing an uphill battle but it took a sizable step forward on Thursday evening when the Federal Communications Commission granted approval to AT&T’s proposed acquisition of 700MHz spectrum licenses from Qualcomm. “This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers,” said AT&T SVP-Federal Regulatory Bob Quinn. AT&T will pay Qualcomm approximately $1.9 billion when the deal closes in the next few days, and the licenses AT&T gains cover more than 300 million people in the United States. AT&T’s press release follows below. More →
Speaking at an investor meeting recently, Qualcomm CEO Paul Jacobs confirmed that his company is working with Microsoft in an effort to deploy Windows 8-powered computers that run on Qualcomm’s ARM-based Snapdragon processors. “We’re going to see some interesting stuff going on,” Jacobs said. “Windows 8 on ARM is a big opportunity.” It’s not an easy task: Microsoft’s previous operating systems, and the existing applications, are designed to run on x86 processors. Qualcomm is optimistic that Snapdragon PCs will be available by the end of next year however, and that developers will rewrite applications to run properly on ARM processors. “For the apps that you really care about, I don’t see it as a significant growth inhibitor in terms of ARM vs. Windows,” Qualcomm chief operating officer Steve Mollenkopf said according to CNET. “I don’t think the impact is as significant as what others believe.” More →
Amazon could have a smartphone on store shelves by the fourth quarter of next year according to Citigroup analyst Mark Mahaney. “Based on our supply chain check, we believe FIH is now jointly developing the phone with Amazon,” Mahaney wrote in a research note. “However, we believe that Amazon will pay NRE to FIH but the device and multiple components will actually be manufactured by Hon Hai’s TMS business group.” Additionally, Mahaney said that Amazon will likely use a Texas Instruments OMAP 4 processor, and that it will adopt Qualcomm’s dual-mode 6-series baseband chip as well. Read on for more. More →
Qualcomm announced Wednesday that it is now shipping its 4G LTE Gobi 4000 platform to OEMs. The platform combines its 3G/4G wireless modems, the MDM9600 and the MDM9200, and the Gobi API that will allow manufacturers to create devices with support for LTE/HSPA+ and LTE/EV-DO networks. “To make Gobi 4000 available to as many consumers as possible, Qualcomm has worked hard to ensure that OEMs can use the platform on many commonly used personal computing, tablet and e-reader operating systems, including Windows and Android, and hardware architectures, such as our powerful Snapdragon dual-core and quad-core processors,” Qualcomm CDMA Technologies senior vice president of product management Cristiano Amon said. Many manufacturers use Qualcomm’s Gobi technology, including Dell, Apple, Lenovo, Novatel and Sierra Wireless. Apple uses older Gobi technology in its CDMA iPad 2 and iPhone 4, which means it’s very possible that we’ll see Qualcomm’s Gobi 4000 platform used in a 4G iPhone and iPad. In addition to the Gobi 4000 announcement, Qualcomm announced 8 new S4 processors (the MSM8660A, MSM9260A, MSM8630, MSM8230, MSM8627, MSM8227, APQ8060A, and the APQ8030) that use the company’s Krait CPU. The chips were designed for next-generation smartphones and tablets and are expected to hit the market early next year. Read on for Qualcomm’s full Gobi 4000 press release.
AT&T has pushed back the date it expects to close the books on its planned merger with T-Mobile and spectrum purchase from Qualcomm, The Wall Street Journal reported on Friday. The carrier had originally planned to close both acquisitions by March of 2012, although it now expects the required approvals to take as much as three months longer to gain. The carrier now says the deal should be approved by the end of the first half next year. AT&T recently ran into speed bumps with both deals. In August the Federal Communications Commission announced that it would review both AT&T’s spectrum purchase from Qualcomm and its merger with T-Mobile USA at the same time. Later that month, the U.S. government sued AT&T in an effort to block the T-Mobile acquisition. AT&T has argued that the T-Mobile purchase will provide jobs and improve wireless service for Americans. It also responded to the FCC lawsuit, saying it will “vigorously contest [the] matter in court.”
NTT DoCoMo, Fujitsu, NEC and Panasonic are discussing a joint venture with Samsung that could be created as early as next year, Reuters reported recently. The companies will develop new smartphone baseband chips in an attempt to compete directly with Qualcomm, which currently has an 80% grip on the baseband chip industry. NTT DoCoMo will be the majority owner in the Japan-based joint venture and the total investment is expected to be about $390 million. The joint venture will help each firm cut down procurement costs. Samsung has considered using the new chips in its future family of GALAXY-branded handsets, but the group will also sell the new chips to other smartphone manufacturers. NTT DoCoMo, Fujitsu, NEC, Panasonic and Samsung have not yet announced formal plans for the venture. More →