Qualcomm posted $774 million net income in Q1, a significant...
Qualcomm posted $774 million net income in Q1, a significant improvement from the $289 million it lost in the year-ago quarter (which was largely due to the company’s $748 million settlement with Broadcom in that quarter). However, Qualcomm forecast…
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a decline in earnings per share of up to nine percent, year-over-year, in its coming quarter. That warning was offset by Qualcomm’s predictions for the full year: An earnings-per-share increase of as much as 92 percent year-over-year. Total revenue for all kinds of semiconductors used in cellphones in Q1 amounted to $9.4 billion, up 4.6 percent from Q4 2009, research firm iSuppli said. But iSuppli warned that Qualcomm is facing stiff competition: “Qualcomm in recent quarters has been losing share in mobile handset market to competitors including Ericsson, Infineon and MediaTek.” Qualcomm’s growth, which is tied to chips sold to phone makers, may be under pressure as phone prices drop in some regions, some analysts said.