Early Dawn of Mobile Phone Recovery: Qualcomm's Quarterly Report Exceeds Expectations and Earns $9.5 billion for the Year
海角七号
发表于 2023-11-3 13:13:24
267
0
0
The one-year and a half long "mobile winter" is showing signs of recovery. Qualcomm, the leading mobile chip company, reported in its latest quarterly report that its revenue and profitability were better than expected, and it earned a whopping $9.5 billion for the entire year.
On November 2nd, Qualcomm released its quarterly report for the fourth quarter from July to September and its annual performance report for the fiscal year 2023. Under the non GAAP rule, the revenue for the fourth quarter of fiscal year 2023 was $8.67 billion, a decrease of 24% year-on-year; The net profit was 2.28 billion US dollars, a year-on-year decrease of 36%.
Qualcomm also expects revenue to reach $9.1 billion to $9.9 billion in the first quarter of the 2024 fiscal year, indicating that Qualcomm believes that the quarter from October to December will be more "prosperous" than the previous quarter.
After the release of this financial report, Qualcomm rose 3.83% in the US post market, closing at $115.14 per share. However, compared to seven quarters ago, at the end of 2021, Qualcomm's stock price has fallen by about 40%. According to the closing price on November 1st, Qualcomm's market value is still as high as $123.753 billion.
According to the quarterly report already released, Qualcomm announced that its revenue for the fiscal year 2023 was $35.83 billion, a year-on-year decrease of 19%; The net profit was $9.486 billion, a year-on-year decrease of 33%.
In terms of product segmentation, it can be seen that throughout the 2023 fiscal year, mobile device product sales were $22.57 billion, which is Qualcomm's highest proportion of business, but decreased by 22% year-on-year; The sales revenue of automotive related products was 1.51 billion US dollars, but increased by 24% year-on-year; IoT product sales were $7.353 billion, a decrease of 19% year-on-year.
The contraction of mobile devices and IoT products reflects the "cold winter" of the consumer electronics market. Qualcomm is referred to as the 'Android phone king', reflecting that flagship smartphones in the market usually carry SoC chips designed by Qualcomm. In addition, Qualcomm's other types of chips are also heavily equipped in consumer electronics products such as Apple smartphones and Meta's Headworn Device Quest.
However, in recent years, Qualcomm has faced fierce market competition. According to a report released by market consulting firm Counterpoint in September, Qualcomm's global market share ranged from 19% to 34% in the six quarters ended June 2023, while MediaTek's market share ranged from 30% to 36%. Especially in the fourth quarter of 2022, Qualcomm's market share fell to 19%, while Apple's market share reached 28%, indicating that Qualcomm's market space was severely squeezed.
Regarding the latest quarterly report, Qualcomm CFO Akash Palkhiwala stated that Qualcomm sees early signs of stable global demand for 3G, 4G, and 5G smartphones. However, the recovery of the mobile phone market remains unstable. According to a report released by Counterpoint in October, global smartphone shipments decreased by 8% year-on-year in the third quarter of 2023, marking a ninth consecutive quarter of decline.
However, the report is relatively optimistic about future expectations. After a strong September, we expect this trend to continue until the end of the year, first with the impact of the full launch of the iPhone 15 series and the arrival of the Indian holiday season, then with the 'Double Eleven' promotion in China, and finally with cross regional Christmas and year-end promotions. In the fourth quarter of 2023, we expect the market to stop year-on-year decline, "Counterpoint predicts.
In addition to the recovery of the mobile phone market, which will alleviate Qualcomm's performance pressure, artificial intelligence has also become another development path for Qualcomm.
As we enter the era of generative AI, we see an unprecedented pace of innovation. Generative AI on devices and AI in the cloud are developing in parallel, generating new applications.
In just the past October, Qualcomm released new Android and Windows PC chips, improving the artificial intelligence part known as NPU, facing the "generative AI wave". Among them, the new Snapdragon X chip integrates Oryon CPU with ARM architecture, Qualcomm Adreno GPU, and heterogeneous AI engine, aiming to achieve breakthroughs in the PC market, challenging Apple chips with ARM architecture and Intel PC chips with x86 architecture.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Intel does not comment on the statement of "Qualcomm acquisition". Previous acquisitions between giants have been difficult due to antitrust scrutiny
- Guo Mingchi: If the merger between Qualcomm and Intel occurs, it could be a disaster
- Global chip event! Is a major change coming? Qualcomm reportedly intends to acquire Intel
- Qualcomm releases Snapdragon 8 Elite chip: equipped with Oryon core, performance improves by 45% compared to the previous generation
- The legal battle is about to erupt! Arm "tears apart" Qualcomm: plans to cancel its chip design license
- ARM plans to cancel license for Qualcomm chips, intensifying dispute between two parties
- See you in court in December! Arm and Qualcomm are calling out to each other through aerial communication for authorization and licensing
- Bernstein lowers Qualcomm's target price from $240 to $200
- After the friction between Qualcomm and Arm, the first financial report has been released, and the mobile phone related business has entered a period of recovery
- Qualcomm CEO: AI craze will not lead to a repeat of global chip shortage
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏