Qualcomm posts positive financials
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 ] --- Related Articles at IntoMobile:
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