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Qualcomm shipped 120m chipsets in its Q3

Tim Green
Qualcomm shipped 120m chipsets in its Q3

A new record for the company driven by soaring demand for smartphones.

Shipments were up 17 per cent and Qualcomm expects to shift a further 120 million to 125 million units in the fourth quarter.

That's slightly less than analysts had expected, so shares fell.

Meanwhile profits grew 35 per cent in the last quarter to $1.04 billion.

The US tech giant's chips are used in the iPhone and numerous Android device, and also makes profit on licensing patents based on its 3G technology.  This totaled $36.4 billion in its Q3.

"Our results and guidance really highlight the fact that around the world, smartphone excitement is continuing," said Qualcomm CEO Paul Jacobs.

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"As we look beyond that to mobile computing and new tablet devices coming to market, I think there's just a lot to look forward to."

Qualcomm also expects revenue of $3.86 billion to $4.16 billion in its Q4.

Tags: smartphone , qualcomm , financials , chipsets , fiscals

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