Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year

Qualcomm is reporting its financial numbers for the last quarter and has been the trend, it's a good time to be everywhere in the wireless business. Continued strong demand for 3G and 4G-connected hardware is keeping sales high, driving "strong year-over-year growth" according to CEO Dr. Paul E. Jacobs, contributing to a bottom line of $4.63 billion in revenue and net income of $1.21 billion. The company's MSM (mobile station modem) chipsets continue to be the main contributor with 141 million units sold, also up yearly by 18 percent but down 7 percent from Q2, with reported device sales following the same pattern at $47.8 billion.

About that slight drop from last quarter, the Doctor continues by saying the company expects demand to be back-loaded as "new devices" are launched for the holiday season. With that in mind, it's ramping up production for 28nm Snapdragon S4 chipsets, a move that reportedly has required help from Samsung and UMC. With the next iPhone, new Android Jelly Bean hardware, Windows Phone 8 / Windows 8 devices and much more expected to arrive soon, we'll keep the old money-flying-at-Qualcomm's-HQ graphic close by. For more details, hit the source link for the PDF or read the press release after the break.

Continue reading Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year

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Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year originally appeared on Engadget on Wed, 18 Jul 2012 16:36:00 EDT. Please see our terms for use of feeds.