This week's quarterly report published Corporation Qualcomm, which, though seeks to diversify its sources of revenue, still lives mainly income from processors sale , modems and licensing technology used in mobile devices and telecommunication sector. Qualcomm's revenue last quarter fell by 19% to $ 5.8 billion. Operating profit decreased by 18% to $ 1.7 bln., Net income fell by 24% to $ 1.5 billion. However, when compared with the third quarter of 2015 years, we can speak for Strong growth in key financial indicators.
As explained by agency Reuters, the volume of shipments of mobile processors Qualcomm's reporting quarter decreased by 10%, revenue in the corresponding direction decreased by 21.6%, revenues from license revenues decreased by 10.4%. Moreover, in the coming quarter, Qualcomm does not expect improvement. According to the company, the volume of shipments of mobile processors will be reduced by 16-25%, devices that support 3G and 4G - 4-14%, total revenue of the corporation fall to 17-29%. The base for comparison in all cases is the same period last year.
The head of Qualcomm Mollenkopf Steve recognizes that the smartphone market continues to grow, but in the upper price segment saturation is observed . The situation is aggravated by the fact that the producers are trying to equip smartphones flagship processors of its own design. One of the major customers bought fewer processors Qualcomm, a manufacturer than expected, and it forced the company to worsen the outlook for the current quarter. Rectify the situation with the demand for Qualcomm processor is not expected before the second half of the year, and the success of Snapdragon 820 company is quite happy now. On this base it will create about 100 devices, the first to be presented in late February at the MWC 2016, and even begin to be delivered in the second half of the quarter, and the mass production of Snapdragon processor 820 to 14-nm technology with FinFET has already begun. The bulk of the supply of the processor model, however, will fall in the second half. Devices with support for LTE has a good market potential - this generation network covered only 14% of the world market. Two weeks later, Qualcomm will hold a meeting with analysts, which tells more details about strategy and progress in restructuring.
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