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:
Our fiscal fourth quarter EPS was above the high end of our expectations, reflecting new license agreements in China and strong chipset shipments. We are forecasting continued growth of global 3G/4G device shipments in calendar year 2017, led by growing demand in emerging regions.
We are well positioned to extend our mobile technology leadership and footprint into attractive growth opportunities, accelerated by our recently announced agreement to acquire NXP.
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.
Reader comments
Qualcomm blows away expectations by shipping 211 million chips in Q4
Um yeah, $47 Billion for NXP says they did.
Hey bro, I think it may be 47million or 4.7 billion. Don't know exactly, but I'm sure it is not 47 billion.
No Google where you are?
Anyway you would be wrong... The figure I have seen more more often is actually $38 billion with just a few references to the $47 billion number. Why is that surprising? Hell, Facebook spent $19 billion for WhatsApp which makes nothing and had zero revenue.
Facebook feared about WhatsApp growth and bought it. They will generate Revenue later by someway.
How could they not
At least someone had a superb 2016.
Especially after the 810 fiasco.
Mine's been pretty good.
The 808 wasn't much better. Fantastic rebound after a bad 2015.
I wouldn't buy another phone without a Qualcomm SOC.
Idk, those samsung SoCs are pretty good....
Poll: which is better QCs chips or samsungs?
Samsung designed or Samsung made... there is a difference there.
Exynos is better
As far as I know Qualcomm is using Samsung's 14nm tech in their new powerful&efficient 625
The deca core Mediatek chips are looking extremely competitive.
I think they are beginning to change their reputation.
Well done with the Snapdragon 625
Powerful an energy efficient cores with ( Samsung's?) 14nm tech
They deserve it this year. After a disastrous 2015 with duds like 410, 615, 808 and 810 they've bounced back with powerful SOCs like 650, 652 and power efficient ones like 625 and 820.
Hopefully, we'll see 14nm process trickling down to the next 65x SOC.