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Qualcomm warns of licence revenue shortfall in China

Thursday 24 July 2014 | 08:17 CET | News
Qualcomm reported revenues for its fiscal third quarter to June of USD 6.81 billion, up 9 percent from a year earlier and 7 percent more than in the previous quarter. Operating profit rose 24 percent year-on-year to USD 2.08 billion, and net profit was up 42 percent to USD 2.24 billion or USD 1.31 per share. The results were better than the company's outlook, driven by demand for its chips in smartphones. The company however lowered its near-term outlook due to suspected under-reported revenues from licensees in China. Qualcomm estimates 287-296 million 3G/4G devices not reported or not

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: China / World
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