Qualcomm blows away expectations by shipping 211 million chips in Q4
Qualcomm saw a healthy 13.3% YoY increase in revenue to $6.2 billion on the back of strong demand in China and new license agreements in the country. Overall chip shipments rose by 4% to 211 million units.
From Qualcomm CEO Steve Mollenkopf:
With 4G finally gaining ground in countries like India, we'll likely see a host of companies rolling out phones powered by the Snapdragon 427 next year, which offers an X9 LTE modem, dual ISPs, and Qualcomm's TruSignal antenna boost tech.
The company isn't just relying on the mobile SoC segment to drive growth. Last week, Qualcomm announced that it would acquire NXP Semiconductors for $47 billion, giving it a vital foothold in the automotive and IoT segments.
Be an expert in 5 minutes
Get the latest news from Android Central, your trusted companion in the world of Android
Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.