iZoneMedia360
  • Home
  • Tech
  • Mobile
  • Streaming
  • Gaming
  • Reviews
  • Contact us
No Result
View All Result
  • Home
  • Tech
  • Mobile
  • Streaming
  • Gaming
  • Reviews
  • Contact us
No Result
View All Result
iZoneMedia360
No Result
View All Result

Xiaomi – Qualcomm rides the global 5G wave as revenue surges 65%

Henry Romero by Henry Romero
August 5, 2021
in Xiaomi
0
Xiaomi – Qualcomm rides the global 5G wave as revenue surges 65%

Xiaomi – Qualcomm rides the global 5G wave as revenue surges 65%

Despite supply constraints, Qualcomm has been riding the rising wave of 5G smartphones, with mobile technology spilling over into new industries and continuing to outperform expectations in the third quarter.

San Diego’s wireless technology giant said Wednesday that quarterly sales were up 65% from a year ago to $ 8.1 billion. Adjusted net income increased 130% to $ 2.2 billion, or $ 1.92 per share.

This was above the average estimate of Wall Street analysts who demand adjusted earnings of $ 1.67 per share for $ 7.55 billion in earnings.

“The need for our technology and products has become clearer than ever,” said Cristiano Amon, CEO, who officially took command in June. “Our products and technologies are key elements that enable digital transformation in the cloud economy, so we see demand in virtually every industry.”

While sales of processors used in smartphones make up the majority of the company’s revenue, Qualcomm has been working for years to diversify its customer base beyond smartphone manufacturers.

The effort is gaining momentum. According to the company, quarterly sales to Internet of Things customers, who manufacture laptops, headphones, virtual reality devices, asset trackers and countless other non-smartphone devices, increased 82% year-over-year. That’s $ 1.4 billion.

According to Amon, annual sales of Internet of Things, automotive and wireless frequency front-end products are expected to increase from $ 6 billion last year to $ 10 billion this year.

The pipeline continues to grow. In the automotive sector, Qualcomm’s backlog reached $ 10 billion and annual sales to automakers reached $ 1 billion in the June quarter.

On smartphones, Qualcomm benefits in several ways. Resupplying Apple’s cellular modem processor on Tuesday reported iPhone sales nearly doubled to $ 39 billion in the June quarter compared to a year ago.

Asked about Apple’s efforts to design its own cellular modem to abandon Qualcomm as a supplier, which is an important concern for investors, Qualcomm has signed a multi-year supply deal with Apple, which is just its first year. Said that he was.

“There are other phones,” he said. “We are very happy with the way things are going.”

Qualcomm, San Diego’s largest publicly traded company, also appears to be benefiting from US trade restrictions on China’s Huawei Technologies, which has shrunk its smartphone business.

It will leave a hole in the global market for flagship phones, especially Xiaomi and other Qualcomm’s current customers are rushing to fill.

“Xiaomi was the second largest shipment in the world (smartphone maker) this quarter,” said Amon. “We believe that changing market share is creating great opportunities for us. Snapdragon is synonymous with Android Premium and High Tier phones.”

Raymond James analyst Chris Caso sees the market opening on behalf of Huawei as a potential $ 4 billion annual opportunity for Qualcomm.

In addition, Caso is monitoring signs of millimeter-wave adoption. This is the fastest, yet technically most difficult version of 5G. Network operators in Japan and South Korea will soon deploy this technology. Verizon and AT & T are already deploying millimeter waves in parts of the United States, but availability is inadequate.

Qualcomm is a technology leader in millimeter waves. As these ultra-fast networks begin to gain momentum globally, “increasing millimeter-wave penetration will make it more difficult for Apple to replace Qualcomm,” said Caso.

While capacity constraints continue to plague the semiconductor industry, Qualcomm has adhered to previous expectations that the pressure on its supply will be eased by the end of 2021.

“We still have more demand than supply in every business,” Amon said. “The guidance for the next quarter is in line with our statement that supply to Qualcomm will improve significantly by the end of the year.”

The company expects revenue of $ 8.4 billion to $ 9.2 billion and adjusted earnings of $ 2.15 to $ 2.35 per share for the fourth quarter.

Analysts on Wall Street predicted fourth-quarter sales of $ 8.5 billion and adjusted price-earnings ratio of $ 2.07 per share.

The company announced the results after the market was closed. The stock closed at $ 142.44 on Wednesday. In-market after-hours trading on the Nasdaq exchange raised the share price to $ 146.25.



[Xiaomi – Qualcomm rides the global 5G wave as revenue surges 65%

Tags: Xiaomi

Henry Romero

Henry Romero

Henry covering technology and reviewing consumer products. Previously he was the Tech editor at ICO Stamp steering coverage and reviews of Tech Products. He graduated from London School with a bachelor's degree in English and journalism.

Related Posts

Xiaomi

Xiaomi – Xiaomi to reveal Pad 5 series with new smartphone

August 8, 2021
Xiaomi

Xiaomi – Ultra-high power wireless fast charging will be prohibited soon –

August 8, 2021
Xiaomi

Xiaomi – New laptops from Redmi, LG; Realme brings magnetic charging to Android; Amazon's win in …

August 8, 2021
Next Post
iPhone – iOS 15 may give the iPhone’s camera an upgrade: fewer green flares

iPhone - iOS 15 may give the iPhone’s camera an upgrade: fewer green flares

xbox Series X – Dungeon Defenders: Awakened ‘Lycan’s Keep’ DLC leaps onto Xbox One, Series X|S and PC

xbox Series X - Dungeon Defenders: Awakened ‘Lycan’s Keep’ DLC leaps onto Xbox One, Series X|S and PC

PS5 – Ratchet & Clank: Insomniac Reveals Why the Performance RT Mode Was a Last Minute Addition

PS5 - Ratchet & Clank: Insomniac Reveals Why the Performance RT Mode Was a Last Minute Addition

Follow Us

  • 121 Followers
  • 181k Subscribers

Recommended

iPhone – Is Samsung Galaxy or Apple iPhone right for you?

iPhone – Is Samsung Galaxy or Apple iPhone right for you?

2 years ago
PS5 – New PlayStation Patent Could Be Bad News for PS5 Players

PS5 – New PlayStation Patent Could Be Bad News for PS5 Players

2 years ago
AMD Ryzen – AMD Ryzen 7 5700G & Ryzen 5 5600G Desktop APUs Now Listed By Retailers

AMD Ryzen – AMD Ryzen 7 5700G & Ryzen 5 5600G Desktop APUs Now Listed By Retailers

2 years ago

GameStop Corp. Cl A stock rises Wednesday, still underperforms market

1 year ago

Instagram

Categories

  • AMD Ryzen
  • Android
  • Banking
  • Books
  • Business
  • Cartoons
  • Comics
  • Connectivity
  • Credit Card
  • Credit Cards
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Default
  • Email
  • Entertainment
  • Featured
  • Fintech
  • Fortnite
  • Games
  • Gaming
  • Health
  • Instagram
  • Iphone 12
  • Library
  • Life
  • Lifestyle
  • Loans
  • Luxury
  • Market
  • Marketing
  • Marketplace
  • Markets
  • Mobile
  • Money
  • Mortgage
  • Movies
  • National
  • News
  • Nintendo Switch
  • Opinion
  • People
  • Politics
  • PS5
  • Real Estate
  • Reviews
  • Router
  • Sports
  • Stock Market
  • Stock Market: BA Stock
  • Streaming
  • Tech
  • Telugu Movies
  • Torrents
  • Travel
  • World
  • xbox Series X
  • Xiaomi
  • Youtube

Topics

2018 League AMD apple Apple Inc Asian Games 2018 benchmarks Bitcoin bitcoin news Bitcoin Price bitcoin price chart bitcoin price usd bitcoin reddit bitcoin usd bitcoin value Budget Travel Buy Bitcoin Google graphics card Intel iPad iphone Istana Negara laptop MacBook Pro Mac Pro Market Stories Microsoft National Exam netbook News nintendo Nintendo Switch notebook Nvidia processor PS5 reports review reviews Samsung test tests Visit Bali what is bitcoin xiaomi
No Result
View All Result

Highlights

Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

Beginner’s Android Studio Tutorial: A Step-by-Step Guide

The 10 Things You Need to Know About Android 10

The What, Why, and How of Tethering: A Comprehensive Guide

Wear OS: How to Rock Out with the Hottest Smartwatches!

Trending

Zaha Hadid Architects Will Build a Metaverse | IZoneMedia360
Tech

Exploring the Innovative Technology Behind Zaha Hadid’s Architectural Masterpieces

by Henry Romero
February 24, 2023
0

Zaha Hadid was an iconic and pioneering Iraqi architect who left an indelible mark on the world...

Brain Games | iZoneMedia360

Challenge Your Brain with the Best Android Mind Games!

January 25, 2023
Joker Virus | iZoneMedia360

Be Vigilant! The Joker Virus Is Lurking in These Apps – Stay Safe!

January 22, 2023
Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

January 19, 2023
Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

Discover the Truth: Is Imginn Truly Anonymous and Secure for Downloads?

January 19, 2023

iZoneMedia360

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent News

  • Exploring the Innovative Technology Behind Zaha Hadid’s Architectural Masterpieces February 24, 2023
  • Challenge Your Brain with the Best Android Mind Games! January 25, 2023
  • Be Vigilant! The Joker Virus Is Lurking in These Apps – Stay Safe! January 22, 2023

Categories

  • AMD Ryzen
  • Android
  • Banking
  • Books
  • Business
  • Cartoons
  • Comics
  • Connectivity
  • Credit Card
  • Credit Cards
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Default
  • Email
  • Entertainment
  • Featured
  • Fintech
  • Fortnite
  • Games
  • Gaming
  • Health
  • Instagram
  • Iphone 12
  • Library
  • Life
  • Lifestyle
  • Loans
  • Luxury
  • Market
  • Marketing
  • Marketplace
  • Markets
  • Mobile
  • Money
  • Mortgage
  • Movies
  • National
  • News
  • Nintendo Switch
  • Opinion
  • People
  • Politics
  • PS5
  • Real Estate
  • Reviews
  • Router
  • Sports
  • Stock Market
  • Stock Market: BA Stock
  • Streaming
  • Tech
  • Telugu Movies
  • Torrents
  • Travel
  • World
  • xbox Series X
  • Xiaomi
  • Youtube

[mc4wp_form]

© 2018 JNews – City News Magazine WordPress theme. All rights belong to their respective owners.
JNews is a top selling 2018 WordPress News, Blog, Newspaper & Magazine Theme.

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.