"We still have demand higher than our ability to supply, but we're adding enough supply," Mollenkopf said. He noted that Qualcomm's foundry partner, Taiwan Semiconductor Manufacturing Co., or TSMC, gave Qualcomm additional capacity, and other manufacturing partners also have provided more chips. All shortages were related to Qualcomm's LTE chips and the semiconductors that integrate LTE with an application processor. The shortfall "was really caused because what you're seeing is this massive market of smartphones moving toward newer tech," Mollenkopf said. "If you look at how much of the semiconductor market today is associated with mobile, it's pretty significant. That stressed us for the first time."Qualcomm blows away estimatesFor the fiscal fourth quarter ended September 30, Qualcomm reported net income of $1.27 billion, or 73 cents a share, up from $1.06 billion, or 62 cents a share, a year ago.
Excluding certain costs, per-share earnings rose to 89 cents from 80 cents, That's much better than Qualcomm's projections in July for per-share earnings of 78 cents to 84 cents, Revenue climbed 18 percent to $4.87 billion, topping Qualcomm's estimate of $4.45 billion to $4.85 billion, Licensing revenue (earned mainly from companies using CDMA technology), gained 15 percent to $1.66 billion, For the current fiscal year, Qualcomm expects adjusted per-share earnings of $4.12 to $4.32 a share, better than the $4.13 a share anticipated by analysts, according to Thomson Reuters, It also projected revenue of $23 billion iphone case 2 in 1 to $24 billion, above analysts' view for $21.69 billion..
For the first quarter, the company expects adjusted earnings of $1.08 to $1.16 a share, versus the $1 a share projected by the Street. And for revenue, Qualcomm is looking for $5.6 billion to $6.1 billion, much better than analysts' forecast of $5.3 billion. Meanwhile, Qualcomm said it shipped 141 million chipsets during the fiscal fourth quarter, up 11 percent from the year-ago period and above the midpoint of the company's earlier projections. For this current period, it's looking to ship about 168 million to 178 million units, up 8 percent to 14 percent from the previous year.
The maker of wireless chips posts quarterly results much better than it anticipated, and the numbers stand in stark contrast to those of other companies, such as Intel, The wireless-chip maker, which helped popularize the CDMA iphone case 2 in 1 technology used in cell phones, today reported quarterly financial results that were better than it had anticipated, and it provided bullish projections for the current period and year, Be respectful, keep it civil and stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..
The app also hints at more second-screen interactivity with games, movies, and TV shows, but relies on developers to create the content for your device that works in tandem with your console. As new games and shows are released, expect to see more interactivity between the devices in the coming months. Xbox SmartGlass is free at the iTunes App Store and is a no-brainer for Xbox 360 owners; it gives you a remote connection to your console so you can keep up with messages from friends, game achievements, and discover new content.