Qualcomm's Profit Rises 29 Percent

Qualcomm Inc. provided more evidence of surging demand for smartphones and tablet-style computers, posting a 29 percent increase in fiscal second-quarter earnings on revenue that jumped 46 percent.

The San Diego-based company said it benefited not only from growing demand for its chips–used in various classes of cellphones–but also a rise in their average selling prices as users gravitated toward more-sophisticated models. Qualcomm gets much of its profit from patent royalties charged to hardware companies, based on a percentage of the price of each handset.

The company’s results, which exceeded analyst projections and its own estimates, caused its stock to jump in after-hours trading.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »