Qualcomm Reports Rise in Revenue on Samsung, Xiaomi Demand

Qualcomm reported a 4.2 percent rise in quarterly revenue on Wednesday, helped by demand for its latest Snapdragon chipset from smartphone customers including Samsung Electronics Co and Xiaomi Corp.

Revenue rose to $5.60 billion (roughly Rs. 38,400 crores) in the quarter ended June 24 from $5.37 billion a year earlier.

Net income attributable to Qualcomm rose to $1.22 billion (roughly Rs. 8,300 crores) or 82 cents (Rs. 56) per share, from $866 million, or 58 cents per share a year earlier.

© Thomson Reuters 2018