uploads///Qualcomms Revenues Fell YoY in Q

Why Qualcomm Is Doing Well despite Apple’s Lawsuit


Dec. 4 2020, Updated 10:52 a.m. ET

Qualcomm beat earnings and revenue estimates

Qualcomm (QCOM) reported its fiscal 4Q17 results on Wednesday, November 1, 2017. The chipmaker easily beat revenue and earnings expectations despite the year-long legal battle with Apple (AAPL).

Qualcomm generated revenue of ~$6 billion against Wall Street expectations of $5.8 billion. Revenue fell 4.5% from the same quarter last year. It reported net income of $168 million, a 90% fall from $1.6 billion in the same quarter last year.

Net income fell, most likely because the company was fined almost $780 million by Taiwan regulatory agencies for anti-trust violations. The company also continues to grapple with Apple’s lawsuit, which may dent the company’s earnings further in the coming quarters.

Article continues below advertisement

Android makers still use Qualcomm chips

Qualcomm’s modems for smartphones are the fastest, while Intel is trying to catch up. Smartphone makers Samsung (SSNLF), Xiaomi, and LG still use Qualcomm chips.

The company’s chips are also being used in automobiles and Internet of Things. The company said revenue from segments other than smartphones was more than $3 billion in fiscal 2017, a 25% rise from the previous fiscal year.

Qualcomm’s $47 billion takeover of NXP Semiconductors could give the company an advantage over rivals Nvidia (NVDA) and Intel (INTC) in the automotive technologies field, which is growing quickly.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.