Tuesday, November 1, 2005

QUALCOMM Posts Revenue of $1.56 billion, up 40% YoY

QUALCOMM reported quarterly revenue of $1.56 billion, up 40% year-over-year and 15% sequentially. Net income was $538 million, up 37% year-over-year and down 4% sequentially. Some highlights from the quarterly report:

  • shipped approximately 40 million MSM chips to customers worldwide during the , compared to approximately 39 million units in the same quarter last year and approximately 36 million units in the prior quarter. A record quantity for any single quarter, the year's cumulative total is also a record with 151 million MSM chips shipped.

  • announced its second billion chips shipped since the company's first CDMA solution shipped in 1996. The second billion follow only two years after the first billion were shipped over a period of 8 years from 1996 to 2003.

  • more than 130 major wireless equipment manufacturers are now licensed by QUALCOMM for CDMA2000 products.

  • more than 60 major wireless equipment manufacturers are now licensed by QUALCOMM for WCDMA and/or TD-SCDMA products.

  • As of September 2005, 56 wireless operators were offering BREW services in 29 countries, including customers acquired related to the ELATA acquisition.

"Our record financial results reflect the accelerating migration to CDMA throughout the world," said Dr. Paul E. Jacobs, chief executive officer of QUALCOMM. "As of September 2005, there were approximately 159 operators offering third generation services in 71 countries with over 200 million subscribers."http://www.qualcomm.com

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