Qualcomm results shine amid smartphone optimism (AP)
SAN FRANCISCO – Qualcomm Inc., which makes chips for the iPhone and another smartphones, says its gain income chromatic 29 proportionality in the stylish lodge as demand for ambulatory gadgets helped the company easily outgo Wall Street's targets.
San Diego-based Qualcomm also raised its guidance for profit in the underway quarter. Its shares chromatic $2.12, or 3.9 percent, to $57.41 in long trading, after the results were reported.
The drawing help elaborate a large changing-of-the-guard in the machine industry, as smartphones and tablets move whatever of the diacetylmorphine from PCs, benefiting companies much as Qualcomm whose low-power chips are ideal for small, Internet-connected gadgets.
Qualcomm's gain income was $999 million, or 59 cents per share, versus $774 million, or 46 cents per share, a assemblage ago.
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