Qualcomm has upgraded its business outlook and is now projecting pro forma revenues to be at the high end of the prior guidance of approximately $2.3 to $2.4 billion compared to $2.02 billion in the year ago quarter. This estimate is based on the shipment of approximately 78 million Mobile Station Modem (MSM) chips during the quarter as compared to the prior estimate of 74 to 78 million units.
The majority of Qualcomm licensees have reported royalties in the first fiscal quarter for products shipped in the September quarter. Based on these reports and internal estimates of unreported activity, the company is anticipating September quarter estimated shipments of approximately 95 million CDMA units (CDMA2000 and WCDMA) for the total market at an estimated average selling price of approximately $211, compared to the prior estimate of approximately 95 to 98 million units at an average selling price of approximately $212. Approximately 74 million CDMA units were shipped in the year ago quarter.
"Demand for CDMA-based devices and services continues to accelerate at a rapid pace," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "Our updated guidance reflects stronger than anticipated demand across all tiers of CDMA2000 chipsets with particular strength in the low end as we continue to bridge the digital divide in emerging markets. September quarter handset shipment estimates indicate strong year-over-year growth across all major regions as well as sequential growth in North America, Europe and emerging markets. Even with this continued market growth, we believe the worldwide CDMA inventory channel remains at less than 20 weeks."
Posted to the site on 5th January 2008
Posted to: www.cellular-news.com/story/28414.php