The past week saw Qualcomm (NASDAQ:QCOM) report excellent December quarter results Wednesday, capping off what has been an excellent year for the company and heading into 2012 on a high note. This comes on the back of record iPhone sales reported last week by Apple (NASDAQ:AAPL), which helped it reclaim its spot at the top of the smartphone market from Samsung. Further, record-breaking iPad sales also helped Apple dethrone HP (NYSE:HPQ) as the largest global PC player. Finally, in a move that could further boost Apple’s iPhone sales, China Telecom (NYSE:CHA) confirmed that it was all set to launch the iPhone 4S on its network as early as the end of February or the beginning of March. Read More »
Articles for Qualcomm
Qualcomm’s Mirasol Technology Continues to Gain Traction
Graph ItNEW!Wednesday, February 1st, 2012 by Trefis Team
Qualcomm’s (NASDAQ:QCOM) Mirasol technology has started to secure more orders from South Korea, China and Taiwan based e-book reader customers, according to a DigiTimes report. Mirasol is a niche technology used in the manufacturing of display panels for mobile devices like e-readers, smartphones and tablets, and competes with popular technologies like LCD, which is used in Apple (NASDAQ:AAPL), Research in Motion (NASDAQ:RIMM) and Nokia (NYSE:NOK) smartphone devices; E-Ink, which is used in Amazon (NASDAQ:AMZN) Kindle e-reader; and OLED (also used in smartphones). The report also stated that Qualcomm has announced cooperation with Kyobo, a South Korea-based book seller, China-based Hanwang Technology and Taiwan-based Koobe.
Although Mirasol currently only accounts less than 2% of our $62 price estimate for Qualcomm stock, its future growth prospects could make it an important business for Qualcomm. Our price estimate for Qualcomm stock is about 5% above market price.
Qualcomm Earnings Preview: What We’re Watching Wednesday
Graph ItNEW!Tuesday, January 31st, 2012 by Trefis Team
Qualcomm (NASDAQ:QCOM) is expected to announce its Q1 FY 2012 earnings on February 1st. The company has seen its revenues grow year-over-year by double-digit percentage points over the past four quarters. Its net income has also grown in a similar fashion for three straight quarters. Last quarter, revenues grew 39% and net income rose 24% over the same period the previous year. However, some of Qualcomm’s peers in the mobile devices market such as Sandisk (NASDAQ:SNDK), Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:BRCM) and Marvell (NASDAQ:MRVL) have either warned that their revenues for the last quarter are going to come in lower than expected or guided for a decline in top-line growth next quarter.
This along with Apple’s rather cautious guidance for the next quarter ($32.5 billion vs $46.3 billion in FY 2012 Q1) does warrant some caution with respect to Qualcomm’s guidance for the next quarter. However, we do not expect a revenue miss in Q1, as a record quarter for Apple as well as wireless carriers Verizon and AT&T in terms of smartphone sales, in addition to a surge in 3G demand in China should keep Qualcomm’s growth story intact.
Our $62 price estimate for Qualcomm stock is about 11% ahead of market price.
Qualcomm’s Got the Mobile Device Market Nailed with Catalysts Galore
Graph ItNEW!Thursday, January 19th, 2012 by Trefis Team
Qualcomm (NASDAQ:QCOM) is a leading developer and supplier of wireless products and services with a dominant position in the CDMA chipset market. FY 2011 saw the company post 36% revenue growth while profits rose 31% over FY 2010, in spite of growing competition in the mobile chips market from old foes such as Samsung as well as new entrants Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC). A strong performance throughout the year meant Qualcomm’s stock outperformed the overall market, growing by almost 9% over the past year even as U.S. economic recovery came under threat from the European debt crisis.
With a booming smartphone market and growing demand for other mobile devices such as tablets, we expect component suppliers to continue to reap huge benefits. Among these many suppliers, we believe that market leaders such as Qualcomm are especially well placed to capitalize on the coming wave of mobility.
Our price estimate for Qualcomm’s stock is $62.25, about 10% ahead of the market. Below we look at some of the most important reasons for our continued faith in Qualcomm’s performance.
Asian Chip Manufacturers Team Up to Take on Qualcomm
Graph ItNEW!Thursday, December 29th, 2011 by Trefis Team
It seems that Qualcomm’s (NASDAQ:QCOM) competition is growing by the day as new players have started to take the company on in the mobile chipset market. A few days back, in our article Hungry Broadcom Looks to Snatch Smarthphone Share from Qualcomm, we discussed that Broadcom is ramping up plans to increase its presence in the chipset market. Broadcom managed to break into the top five smartphone applications processor suppliers for the first time in the third quarter, and displaced Nvidia (NASDAQ:NVDA) from the fifth position. Broadcom achieved this by leveraging Google’s (NASDAQ:GOOG) Android platform’s surging presence in the smartphone market and grabbing design wins.
Hungry Broadcom Looks to Snatch Smarthphone Share from Qualcomm
Graph ItNEW!Monday, December 26th, 2011 by Trefis Team
Qualcomm (NASDAQ:QCOM), the market leader in mobile chipsets, could see a formidable competitor emerge in Broadcom (NASDAQ:BRCM), which is ramping up plans to increase its presence in the smartphone market next year. Broadcom has so far been a dominant player in the broadband and in-home chips market. Design wins for smartphones running Google’s (NASDAQ:GOOG) Android platform has helped the company grab a toe-hold in the new market, and it plans to capitalize this opportunity to grab more market share next year.
See our complete analysis for Qualcomm stock here
The year 2011 has been a defining year for Broadcom’s mobile chipsets as the company managed to break into the top five smartphone applications processor suppliers for the first time in the third quarter, according to research firm Strategy Analytics. Broadcom displaced Nvidia from the fifth position in terms of unit sales. Qualcomm continued its reign at the top, and we expect it to continue to do so for a long time, given its strong product portfolio and diversification across mobile OS platforms.
We maintain our price estimate for Qualcomm stock at $62, which is about 18% above market price.
Broadcom Relies on Android for Now
Broadcom’s fortunes however hinge on its Android business at the moment after its initial partnership with Nokia on Symbian failed to generate sales. Nokia has since moved on to Windows Phone for its handsets that are currently only supported by Qualcomm. Qualcomm controls almost half of the smartphone chip market whereas Broadcom is just starting out, and in this scenario we believe Qualcomm has the most to lose as Broadcom and others looks to increase their presence in the smartphone market.
But, for that to happen, Broadcom will have to start securing some high-end smartphone design wins. Its application processors have thus far found traction only in the lower-end phones. Qualcomm’s popularity among the full range of smartphones and relationship with a variety of mobile phone vendors helps it stand out among competition, and it will be a few years before Broadcom can hope to replicate Qualcomm’s reach.
However, we think Qualcomm may see greater competition from Broadcom if it leverages its recent acquisition of Beceem to come up with a 4G LTE-enabled modem integrated with its application processor before Qualcomm does. That and improving the performance of its mobile processors will help it score some high-end design wins next year. Considering Broadcom’s dominance in the wireless broadband market and its integration capabilities, we think it may have a chance to emerge as a potential competitor to Qualcomm in the long term.
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Qualcomm’s Standalone Processors Help Exploit Short-term Shift in Trend
Graph ItNEW!Thursday, December 22nd, 2011 by Trefis Team
An interesting trend emerged last quarter when standalone processors outgrew baseband-integrated application processors, accounting for 41 percent of total smartphone applications processor shipments in the quarter up from 31 percent in the year-ago period. Meanwhile, Qualcomm (NASDAQ:QCOM) continued its reign at the top and Broadcom (NASDAQ:BRCM) displaced NVIDIA (NASDAQ:NVDA) from the fifth position to enter the top five for the first time. ((Broadcom Grabs Fifth Spot from NVIDIA, Strategy Analytics, December 6th, 2011)) Having gained a toe-hold on the market, Broadcom is now ramping up plans to increase its presence in the smartphone market next year. ((Broadcom CEO Sees Closing Cellular Chip Gap With Qualcomm, WSJ, December 15th, 2011))
Broadcom’s plans mean one more competitor for Qualcomm to deal with but given its strong product portfolio and diversification across mobile OS platforms, we don’t see any near-term risks to Qualcomm’s huge lead in the market. Read More »
Qualcomm Lowers Price on Chips to Penetrate China, Emerging Markets
Graph ItNEW!Wednesday, December 7th, 2011 by Trefis Team
According to a recent report, Qualcomm (NASDAQ:QCOM) has lowered its chipsets pricing in China in order to compete with low cost vendors such as MediaTek. We believe this is a sensible move by Qualcomm as it strives to capture the growth opportunity in emerging markets where telecom operators have started to adopt the 3G technology. China and India are the two largest telecom markets and it make sense for Qualcomm to find ways to compete in this market. Other than MediaTek, Qualcomm competes with Intel (NASDAQ:INTC) and Texas Instruments (NYSE:TXN) in the mobile chipset market.
Our $63 price estimate for Qualcomm stock is about 15% above market price.
Qualcomm’s Diversification Can Withstand HTC’s Market Share Losses
Graph ItNEW!Friday, December 2nd, 2011 by Trefis Team
HTC recently revised its fourth quarter revenue forecast lower for the second time in less than a month sending its shares plunging in the Taiwanese stock market. The company had already lowered its smartphone sales forecast for the coming quarter and guided for a flat quarter-on-quarter revenue growth at best during its earnings call on October 31st. But now, the company feels that it may not be able to achieve the lowered target and has now cut its forecast by as much as 23% despite the ongoing holiday season that usually sees smartphone makers post their best sales. It seems the company has started to feel the effects of increasing competition in the smartphone market from rivals such as Samsung and Motorola (NYSE:MMI) that base their phones on Google’s (NASDAQ:GOOG) Android software as well as the marauding Apple (NASDAQ:AAPL) iPhone and the upcoming Nokia (NYSE:NOK) Lumia.
It may also be possible that the broader smartphone market is suffering due to the economic uncertainty that the U.S and European markets are facing. But that doesn’t seem to be the case if we look at the optimism surrounding some of HTC’s rivals. Samsung, which also makes Android-based smartphones, announced earlier this week that it is seeing good demand for its Galaxy S series and is now aiming to beat its 2011 smartphone sales estimates. Apple’s recently launched iPhone 4S has also done extremely well, selling over 4 million in the opening weekend itself. So, it seems more likely a case of HTC losing market share to its rivals than the broader smartphone market under-performing.
Qualcomm Update: Display Technology Mirasol Gains Traction With New Deals
Graph ItNEW!Monday, November 28th, 2011 by Trefis Team
Qualcomm (NASDAQ:QCOM) has signed up Kyobo Book Center, Korea’s largest seller of books, as a customer for its Mirasol technology. Kyobo will start selling an e-reader using Mirasol technology, which is used to make display panels for mobile devices such as e-readers, smartphones and tablets. Mirasol competes with famous technologies like LCD like that used in Apple (NASDAQ:AAPL), Research in Motion (NASDAQ:RIMM) and Nokia (NYSE:NOK) smartphone devices, E-Ink as used in Amazon (NASDAQ:AMZN) Kindle, and OLED (also used in smartphones).
Our $63 price estimate for Qualcomm stock is about 15% above market price.
Qualcomm : All Articles
- Week of 2012-01-29
- 02/03/12 Weekly Mobile Updates: Qualcomm and Apple
- 02/01/12 Qualcomm’s Mirasol Technology Continues to Gain Traction
- 01/31/12 Qualcomm Earnings Preview: What We’re Watching Wednesday
- Week of 2012-01-15
- Week of 2011-12-25
- 12/29/11 Asian Chip Manufacturers Team Up to Take on Qualcomm
- 12/26/11 Hungry Broadcom Looks to Snatch Smarthphone Share from Qualcomm
- Week of 2011-12-18
- Week of 2011-12-04
- Week of 2011-11-27
- 12/02/11 Qualcomm’s Diversification Can Withstand HTC’s Market Share Losses
- 11/28/11 Qualcomm Update: Display Technology Mirasol Gains Traction With New Deals
- Week of 2011-11-20
- 11/25/11 Mobile Weekly Notes: RIM and Qualcomm
- 11/25/11 Qualcomm to Enter PC Chipset Market Next Year
- 11/22/11 Qualcomm’s Next-Gen Chips May Help Apple Launch LTE Devices Next Year
- Week of 2011-11-13
- 11/18/11 Qualcomm Updates: Support for Windows Phone, iPhone 4S Lifts Outlook
- 11/16/11 Qualcomm Gains on Smartphone Sales, But Pricing Pressure Continues
- Week of 2011-11-06
- Week of 2011-10-30
- 11/03/11 Qualcomm’s Earnings Show Chips Have the Mojo to Ride the Smartphone Wave
- 11/02/11 Qualcomm Earnings Preview: What We’re Watching Wednesday
- Week of 2011-10-16
- Week of 2011-08-21
- Week of 2011-08-07
- Week of 2011-07-17
- Week of 2011-07-10
- Week of 2011-06-12
- Week of 2011-05-22
- 05/26/11 Nvidia’s Tegra 2 Chips Gain Traction
- Week of 2011-05-08
- Week of 2011-04-24
- Week of 2011-04-10
- Week of 2011-04-03
- Week of 2011-03-20
- Week of 2011-02-27
- Week of 2011-02-06
- 02/10/11 Qualcomm Royalty Rates Improve, Capex Jump in 2011
- 02/08/11 Outlook for Qualcomm’s Mirasol Display Panel Business
- Week of 2011-01-16
- Week of 2011-01-09
- Week of 2010-12-19
- Week of 2010-12-12
- 12/14/10 Growing Atom Share Adds Little Value to Intel Stock
- 12/13/10 Nvidia’s Mobile & Gaming Chips Could Lift Outlook
- Week of 2010-12-05
- Week of 2010-11-14
- 11/18/10 Emerging Markets Opportunity for Qualcomm
- 11/17/10 iPhone’s Standalone Business Worth More Than All But 8 Companies in the World
- 11/15/10 Qualcomm’s Multimode Chips to Help Market Share
- Week of 2010-11-07
- 11/11/10 Lower Chip Prices to Lift Sales for Qualcomm
- 11/11/10 Which Tech Companies Have Cash to Pay Dividends?
- 11/08/10 Qualcomm a Winner in Mobile vs. PC Debate
- Week of 2010-10-31
- Week of 2010-10-17
- Week of 2010-10-10
- Week of 2010-10-03
- Week of 2010-09-26
- Week of 2010-09-05
- Week of 2010-08-29
- Week of 2010-08-22
- Week of 2010-08-01
- 08/05/10 Flash Dominates Mobile Phones, But Little Upside for Adobe’s Stock
- 08/04/10 Atom Processor Only 2% of Intel’s Stock
- Week of 2010-07-25
- 07/28/10 High Smartphone Prices, 3G Market Growth Yield 14% Upside for Qualcomm
- 07/27/10 Small Upside to Intel’s Stock from Higher Atom Market Share
- Week of 2010-07-18
- Week of 2010-07-11
- 07/16/10 15% Upside to Qualcomm from More CDMA Phones and Slow Phone Price Declines
- 07/14/10 Verizon iPhone Could Boost Qualcomm’s Stock by 4%
- Week of 2010-07-04
- Week of 2010-06-06
- Week of 2010-05-23
- Week of 2010-05-16
- Week of 2010-04-18
- Week of 2010-04-04
- Week of 2010-03-21
- Week of 2010-03-14
- Week of 2010-03-07
- Week of 2010-02-28
- 03/05/10 Qualcomm’s Mobile TV App Drives Demand for Powerful Mobile Chips
- 03/03/10 27% of Qualcomm’s Stock is Value of its Cash
- Week of 2010-02-21
- Week of 2010-02-14
- Week of 2010-01-31
- 02/05/10 Qualcomm’s Mobile Chipset Market Share Will Decline to 60%
- 02/04/10 Qualcomm (QCOM) Supported by Increase in CDMA Penetration Rates
- 02/02/10 Qualcomm Declines to Continue
- Week of 2009-11-22
- Week of 2009-09-06
- Week of 2009-08-16
- Week of 2009-08-02