On Wednesday, Qualcomm Inc, a mobile chipmaker, offered a five-year outlook that is more conservative, compared to what it has done in the past. This is while it faces some China-based antitrust probe and the consumers in the said nation and in several other developing countries purchase smartphones that are offered at a cheaper price.
The expansion of the high-speed 4G network of China is driving the smartphone demand using leading-edge technology. However, the opportunities of Qualcomm have been hindered by an antitrust investigation which is a year old and troubles in the collection of royalty payments coming from makers of devices.
The company is expecting a rise in its revenue of eight to 10 percent every year during the coming five years. The same is true for earnings for every share to achieve growth faster than their revenue. During the past, there has been a five-year target set by Qualcomm with
Steve Mollenkopf, the chief executive office, said to analysts during the annual day for investors of the company that the problems in Chine appeared to be hurting the royalty business of QTL, which is providing most of the profits of Qualcomm Inc.
He also said that on QTL lies the short story wherein the market is continuing to grow.