Qualcomm continues to impress in quarter to end-June

Qualcomm announced that its third fiscal quarter revenues rose by more than a third to US$6.24 billion, boosted by increased smartphone chip shipments.

Net profit was also up, by 31 per cent to US$1.58 billion. R&D expenses increased 36 per cent primarily due to an increase in costs to develop CDMA-based 3G, OFDMA-based LTE and other technologies for integrated circuit and related software products.

Mobile Station Modem chip shipments were up by 22 per cent at 172 million units.