World Mobile News

Qualcomm announced it’s laying off employees today. The cuts are meant to “trim the fat” a bit and streamline the chipmaker’s workforce. CEO Paul Jacobs told Morning Star  about the company’s cost cutting measures today: “In fiscal 2014 we are facing some mix and demand factors which we currently expect will moderate our QCT growth. In light of this we are taking near-term actions company-wide to prioritize investments, stay focused on growth but also control expenses in order to deliver operating profit growth in excess of revenue growth.” So far the downsizing seem to be focused on management, with several cuts and demotions at the vice-president level. However the company has signaled more cuts will be coming down the line, affecting several departments. Qualcomm’s weak 4th quarter for fiscal year 2013 is thought to be the cause. The company is facing increasing competition from low-cost chipmakers. Also, phone and tablet manufacturers like Samsung and Apple are increasingly develo...

Qualcomm just reported its 3rd quarter fiscal 2012 results and profits have soared year on year owing to continued strong demand for 3G and 4G connected hardware. High sales and strong yearly growth have contributed to a bottom line of $4.63 billion in revenue. Meanwhile net income is reported at $1.21 billion. MSM chipsets were the biggest contributors with 141 million units sold. Though sales were reported to be down 7% over the last quarter, the YoY growth is noted to be 18%. CEO Dr. Paul E. Jacob said that the sales drop was due to upcoming devices lined up for the holiday season. Dhruv Bhutani is a tech enthusiast who tries to keep a tab on the latest and greatest in the mobile and telecom sector. He is currently using an iPhone 4S and a Nokia Lumia 800. Catch him on Twitter @DhruvBhutani , you can also reach out on Facebook and Google+ View the original article here