Qualcomm revenue jumps in first quarter
The CDMA and royalty pioneer known as Qualcomm unearthed a $2.22 billion revenue figure for the first three months of 2007 (not bad, eh?). That rather large figure boasts a 21 percent increase from the year-ago period in 2006, so naturally, we had to ask -- what has Qualcomm been up to? The company replied that "stronger than expected chipset demand" is driving strong sales so far in 2007 and it will continue throughout 2007. Qualcomm continues to pour tons of money into its MediaFLO unit as well. The company increased R&D expenses to the tune of 16 percent ($454 million) in the first quarter -- with most of that going into MediaFLO. We think that's a pretty large bet on mobile multimedia from Qualcomm, but hey -- Verizon's onboard already, right? Let's have a toast, shall we? [Warning: PDF link]
[Via mocoNews]
