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Revenue improved 9 percent to $6.81 billion. The equipment and services segment, which includes chipset sales, posted 15 percent higher revenue at $4.92 billion. Licensing revenue slipped 3.7 percent to $1.88 billion. The company in April predicted adjusted earnings of $1.15 to $1.25 a share and revenue of $6.2 billion to $6.8 billion. Bernstein analyst Stacy Rasgon said Wednesday that "chipsets are on fire" and continue to be a positive for the company. But, he said, softer licensing revenue will be a problem, since licensing provides the bulk of Qualcomm's profits.
For the fiscal fourth quarter, the company forecast adjusted earnings of $1.20 to $1.35 a share, below estimates of $1.39 a share from analysts surveyed by Thomson Reuters, Revenue is expected to come in at $6.5 billion pink iphone case to $7.4 billion, with the midpoint just below Wall Street predictions of $7.15 billion, Qualcomm also cut back its 2014 projections for estimated device shipments, saying it believes there may be device shipments that aren't being reported to it, are in dispute, or are currently unlicensed, It said it's working to address these issues..
CNET's Shara Tibken contributed to this report. Chipmaker posts sharply higher earnings for its June quarter thanks to strong chipset sales, but shares fall after hours as company warns of problems in China. Qualcomm said its fiscal third-quarter profit rose 42 percent, as the company's chipset sales showed considerable strength. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
A pair of images attached to the unannounced phone recently surfaced online, providing our best look yet, Known also as the Galaxy S5 Prime and Galaxy F, the Galaxy Alpha is alleged to be a high-end version of the Galaxy S5 that's dressed pink iphone case up in a metal chassis, Gone will be the polycarbonate and cheaper plastic materials in favor of aluminum or other premium components, The new photos obtained by Vietnamese tech blog Tinhte show a design that immediately calls to mind the Galaxy S5, This model is slated to fill the gap between the Galaxy S5 and the Galaxy Note 4 we expect to see in September, The design language is consistent with recent Samsung efforts and match up with other leaked images..
The suggested specs are predictably high-end, including a 2,560x1,440-pixel resolution display, a 16-megapixel camera, and 3GB RAM. Keeping pace with other top-tier devices, the Galaxy Alpha could boast the latest version of Android and Qualcomm's most cutting-edge processor, the quad-core Snapdragon 805. Looking at this image, the rear of the handset shows the logo for LTE-Advanced, the ultrafast 4G connectivity found in South Korea. It's unclear whether this means the device will be offered exclusively on Samsung's home turf. Another possibility to consider is that the Galaxy Alpha could be sold as a limited-edition device.
The Galaxy Alpha is rumored to launch in August, but we could also see it at Samsung's next Unpacked event at IFA in early September, along with the Galaxy Note 4 and a virtual-reality headset, Long rumored as the Galaxy S5 Prime, the Samsung smartphone could debut within the coming weeks, While Apple is busy readying larger versions of its iPhone, Samsung is hard at work prepping a new, premium smartphone of its own -- the Samsung Galaxy Alpha, At least, that's what we've been led to believe by rumors and reports over the pink iphone case course of 2014..
The Cupertino, Calif., company sure wasn't going to talk about new products -- besides CEO Tim Cook saying Apple has "an incredible pipeline of new products and services that we can't wait to show you." But Cook did spend a lot of time Tuesday discussing the slowdown in iPad sales, how Apple's new partnership with IBM can turn tablet results around, and just how strong China has become. Apple generates two-thirds of its revenue from the iPhone and iPad, and it's vital that the company finds a way to keep demand strong for those devices. The pressure also is on for Apple to release new devices that prove it still has that magic touch. Market watchers already are looking ahead to what one analyst, Cantor Fitzgerald's Brian White, called the "Fab Fall" launch -- likely a couple new iPhones with bigger screens, new iPads, an iWatch, and possibly more.
In the meantime, here's what Cook had to say about Apple's fiscal third quarter, Apple reported relatively strong iPhone sales during the June quarter (35.2 million versus 31.2 million a year ago and analysts' forecast for 35.9 million), but its iPad results were weak for the second period in a row, It sold 13.3 million iPads in the most recent quarter, down 9 percent from a year ago and below the 14.4 million expected by analysts, Last quarter, Cook blamed the iPad weakness on the number of devices held in channel inventory (which means they're either sitting in stores or on trucks), But Tuesday, he noted that lower demand pink iphone case in some regions also is playing a role..