Qualcomm Revenue Jumps Nearly 40 Percent In 1st Quarter
![Qualcomm Revenue Jumps Nearly 40 Percent In 1st Quarter [Qualcomm Sees Huge Earnings Jump In The 1st Quarter]](http://nexus404.com/Blog/thumbnailimages/alt/QualcommTFTSThumb220153.jpg)
Qualcomm’s first quarter earnings have just been released and the company is excitedly announcing that they have actually seen a huge jump in their revenues. Coming in with a 39 percent increase in earnings from the first quarter of a year ago of course the first quarter ended less than a month ago.
Qualcomm sites even more people grabbing a smartphone as their main phone as well as tablets like the Apple iPad for the reason behind such healthy earnings estimates. In reality the company’s chairman says that he can thank the public’s “unabated demand for wireless data” Across the entire planet including new areas of the globe that hadn’t been tapped to their full potential like India and China.
In total, Qualcomm earned a massive $1.17 billion during the first quarter compared to $841 million in the first quarter of the previous year. That works out to 71 cents per share this year compared to 50 cents a share a year ago.
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