There’s no amount of legal battling or even a federal trade embargo that’s going to keep this chip-making giant from rising to the top. Case in point, Qualcomm’s latest financial statements show that, despite all the legal costs associated with fighting IP battles the world over, the company has managed to rake in $2.61 billion in revenue – a 17% increase from $2.22 billion for the same period last year. And, net income was posted at $766 million – a 6% increase from $726 million for the same quarter last year.
With Qualcomm working to bring its tech-expertise to the coming onslaught of Google Android-powered handsets, the future is looking ever brighter for the California-based company. And, as such, Qualcomm is looking toward an 8-16% revenue increase for the coming quarter.
Well done, Qualcomm.
[Via: MocoNews]