Qualcomm Posts Higher Than Expected Quarterly Results
Looks like Intel isn’t the only company doing better than expected this quarter. Popular chipset maker, Qualcomm Inc. posted higher than expected quarterly results for 2010 and because of it, they’re raising their 2011 fiscal revenue targets. Despite stiff competition from Nvida, Samsung and Texas Instruments this year, the company is bumping up its 2011 goal of $13.6 billion to a modest $14.1 billion.
Although doing quite well for themselves, some analysts suspect that the earthquake in Japan could have potentially hurt some of Qualcomm’s growth.
You can find Qualcomm’s chips in just about every first generation Android device and smartphone. This year, they’re hoping to make a big splash being the chipset of choice powering HTC’s new superphones, the Sensation and Evo 3D.
[Via Reuters]