Qualcomm Posts Revenue of $6.69 billion, up 3% YoY

Qualcomm reported revenue of $6.69 billion for the fourth quarter of its fiscal 2014, up 3 percent year-over-year (y-o-y) and down 2 percent sequentially. Operating income was $1.99 billion, up 25 percent y-o-y and down 4 percent sequentially. Net income came in at $1.89 billion, up 26 percent y-o-y and down 15 percent sequentially.

d. "We are forecasting continued growth of global 3G/4G device shipments in calendar year 2015, particularly in emerging regions. Our fiscal 2015 outlook reflects continued LTE leadership in our semiconductor business and is tempered by the issues we are facing inChina related to our licensing business. Through this time, we remain focused on building our technology leadership in smartphones, while pursuing opportunities to extend our solutions into adjacent areas," stated said Steve Mollenkopf, CEO of Qualcomm.

In its quarterly report, Qualcomm said calendar year 2014 and 2015 global 3G/4G device shipments are expected to be approximately 1.3 billion and 1.5 billion, respectively.

However, its estimate of calendar year 2014 3G/4G device shipments that it currently expects to be reported by its licensees is approximately 1.04 billion to 1.13 billion. The shortfall reflects units that Qualcomm believes may not be reported by customers, are in dispute or are currently unlicensed.

https://www.qualcomm.com/info/investor-relations