Qualcomm shot up 7% in late trading after beating its revenue consensus by about $200 M and delivering perky, 11% growth in MSM chipsets YoY. Perhaps the most fascinating part of Qualcomm's commentary was its revision for the 2012 shipment volumes of 3G/4G devices. Qualcomm has unique visibility to global 3G device volumes because of its broad chip client base and its licensing agreements with all major device vendors.
Reported by Forbes.com 2 hours ago.
↧