? ? Leading mobile phone chip maker Qualcomm said yesterday that the next generation of smartphones will take another stride forward as the company reported robust quarterly earnings.
"We still think the next smartphone is going to surprise you with the things it can do," Qualcomm director of CPU product management Travis Lanier said.
"There is a way to go in innovation." Demand for Snapdragon chips, which combine computer processing and graphics capabilities in a compact platform for powering mobile devices, helped the California company make a profit of $1.58 billion on revenue of $6.52 billion in the quarter that ended on June 30. "We delivered another strong quarter as our Qualcomm Snapdragon solutions were prominent in a broad set of flagship smartphones, and 3G/4G device average selling prices were stronger than expected," said Qualcomm chief executive Paul Jacobs. "We see expanding opportunities for growth of 3G/4G around the globe, driven by the strong pace of innovation in the industry." Profit was up 21 per cent from the same uarter last year, while revenue increased 35 pc. The "system-ona-chip" design of Snapdragon allows for smartphones or tablets to be designed with features such as playback of ultra high-definition video or surround-sound in headsets plugged into devices. The chips are also being built into coming tablets, including the Nexus 7 unveiled by Google on Wednesday. Rather than the mobile gadget market slowing as it matures, Qualcomm executives saw it as accelerating. ? ?