Qualcomm said that by 2020, 5G mobile phones will boost smartphone shipments.
Editor’s note: This article is from interface news, author Wu Yangyu.
Beijing time on the morning of November 7, Qualcomm (NASDAQ: QCOM) released its fourth quarter report as of September 30, 2019.
The financial report shows that according to Non-GAAP (non-GAAP), Qualcomm’s fourth-quarter total revenue was 4.8 billion US dollars, exceeding market expectations, compared with 5.8 billion US dollars in the same period last year, down 17.2% year-on-year; net profit For the US$500 million, the net loss for the same period last year was US$500 million, turning losses into profits.
Qualcomm’s largest source of revenue this quarter is the mobile phone baseband chip (QCT), with revenue of $3.61 billion this quarter. It is reported that Qualcomm sold a total of 152 million chips in the quarter, down 34% year-on-year. The business situation is declining or related to the transition period between 4G and 5G. Qualcomm CEO Steve Mollenkopf previously said that mobile phone manufacturers as their major customers are slowing their demand, company sales or There has been a significant decline.
In addition, this quarter’s $1.15 billion business license (QTL) was accused of higher profits. According to Qualcomm, the revenue from business patents in this financial report includes patent fees from Apple, and another $100 million in revenue is a temporary agreement with Huawei, but the agreement has not yet been finalized.
Qualcomm’s earnings per share (EPS) for the quarter was adjusted to $0.78, down 12.5% year-on-year, exceeding market expectations of $0.71. Qualcomm CEO Steve Mollenkopf said that earnings per share exceeded expectations this quarter mainly due to the robust QTL business. Qualcomm helped promote 5G global commercialization in the current fiscal year and completed a number of important patent use agreements.
Qualcomm said that by 2020, 5G mobile phones will boost smartphone shipments, and Qualcomm has confidence in this. In Qualcomm’s expectations, global communications equipment (3G/4G/5G) delivered about 1.85 billion units in 2020, including up to 225 million 5G mobile phones.