Qualcomm CMO says smartphones to grow 24% CAGR in 2011-16 driven by India, China and Latin America
TeleComLead: Qualcomm CMO says smartphones to grow 24% CAGR in 2011-16 driven by India, China and Latin America
Telecom Lead America: Anand Chandrasekher, CMO, Qualcomm, 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.
Qualcomm is spending heavily in Research and development (R&D).
Thanks to its R&D, Qualcomm claims that it is number one in application processor, graphics processor, digital signal processor, 3G/4G/LTE and RF.
Its R&D expenses increased 31 percent y-o-y primarily due to an increase in costs related to the development of CDMA-based 3G, OFDMA-based 4G LTE and other technologies for integrated circuit and related software products and to expand our intellectual property portfolio.
Qualcomm on Wednesday also mapped three major trends that will have impact on business and consumers.
The first trend is computing refined, according to Chandrasekher, who joined Qualcomm on 6 August from rival Intel.
Qualcomm is observing unprecedented data demand. This is primarily driven by smartphones across the world. “We are working on addressing data demand issues,” he added.