Qualcomm executives noted that the company continues to face hurdles in China, and partially as a result the firm said it is now expecting a slightly more conservative growth rate during the next five years. However, the chipset giant still thinks it has plenty of room to grow thanks to increasing LTE and smartphone adoption and its decision to move into new areas, such as supplying silicon for servers.
LAS VEGAS--Where will all the innovation in mobile take us next? According to top executives from Ericsson, Qualcomm and AT&T, the future of mobile will be dominated by wearable wireless devices and neuromorphic computers that mimic the human brain.
LAS VEGAS--In some of his first public comments since agreeing to become Qualcomm's next CEO, Steve Mollenkopf offered a largely upbeat and positive outlook on the chip vendor's business and prospects. Specifically, Mollenkopf said Qualcomm plans to expand its businesses in tablets, connected cars and in China, and hinted the company is hoping to release multiple market-changing technologies in the years ahead.
Qualcomm said COO Steve Mollenkopf will succeed Paul Jacobs as CEO next March, which would end an era in which the Jacobs family has held sway at the chipset giant.
Qualcomm is interested in exploring the possibility of deploying LTE services on unlicensed spectrum, according to CEO Paul Jacobs.
Qualcomm, the world's largest supplier of silicon to smartphones, warned that its growth rate would slow next year due to increases in the sale of less expensive phones, among other reasons. The news sent the company's stock down slightly in trading this morning to around $67 per share. However, the company, in its just completed fiscal fourth quarter, notched significant increases in earnings and sales.
During the past several weeks, publicly traded companies in the wireless industry revealed how much they pay their CEOs. The following lists the highest paid executives in wireless.
Qualcomm reported strong results for its most recent quarter, including record revenue, and said that it does not expect the smartphone market that powers its chipset business to slow down in 2013.
Chipset companies can throw money at increasing their brand awareness among consumers, but at the end of the day, I think people will care more about what they can experience with their mobile devices than what is inside of them.
LAS VEGAS--Qualcomm CEO Paul Jacobs announced a new line of the company's flagship Snapdragon chipsets and, in highlighting how he envisions them being used in smartphones and tablets, also noted how Qualcomm hopes to enable the next generation of mobile experiences.