For detailed report please visit: Qualcomm
Source: Qualcomm
Qualcomm Announces 11% Profit in Q2 2016
Said Steve Mollenkopf, CEO of Qualcomm Incorporated.
Source: Qualcomm Its net income during the quarter rose to $1.16 billion, with overall revenue dropping 19.5% to $5.55 billion. Its chip division saw revenue fall 25 per cent, while revenue from its licensing unit declined 12 per cent. Qualcomm expects chip shipments to fall 13-22% to 175-195 million units, with 3G and 4G device shipments forecast to increase 8 per cent in Q3, which is down from its previous estimate of about 10 per cent. Qualcomm CEO Steve Mollenkopf also said that: Qualcomm recently also said it has resolved its dispute over licensing with LG last quarter and will be able to book about $200 million in revenue in its fiscal Q3 that was previously withheld.
