C114: QualcommCMO says smartphones to grow 24% CAGR in 2011-16 driven by India, China and Latin America
Anand Chandrasekher, CMO, Qual said the chip major expects 24 percent CAGR growth in smartphone market during 2011-16. Mobile markets in India, China and Latin America will drive the growth.
The chip major is sampling the third generation of LTE 4G currently. “Many of our competitors have just started first generation of LTE,” Chandrasekher told visiting journalists at San Diego.
Its approach is to own the key technology blocks.
Qual is spending heavily in Research and development (R&D).
Sentiment: Strong Buy
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