Qualcomm’s Net Income Increased by 51% in Fiscal Fourth Quarter

Qualcomm has just announced financial results for its fiscal fourth quarter ended September 25, 2016. The company reported a quarterly revenue of $6.2 billion dollars, showing a 13% year-over-year increase.

“Our fiscal fourth quarter EPS was above the high end of our expectations, reflecting new license agreements in China and strong chipset shipments,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are forecasting continued growth of global 3G/4G device shipments in calendar year 2017, led by growing demand in emerging regions. We are well positioned to extend our mobile technology leadership and footprint into attractive growth opportunities, accelerated by our recently announced agreement to acquire NXP.”

Up to now the only China smartphone vendor that hasn’t entered into license agreement with Qualcomm is Meizu, who believes the chip maker is charging too much. Actually, Meizu has lost 1.3 billion Yuan in the past one year and a half.

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