Qualcomm is already the biggest player in chips for mobile phones, with annual revenues topping $19 billion. Now it is invading another major chunk of the market, spooking investors in several other companies.
Global mobile phone sales declined by 1.7 percent in 2012, hit by tough economic conditions, shifting consumer preferences and intense market competition, industry research firm Gartner said Wednesday.
Americans are growing increasingly comfortable using their mobile phones to conduct basic financial transactions, sending banks racing to offer new technology that will cut down on costly customer-service calls and branch visits.
The U.S. government spent about $2.2 billion last year to provide phones to low-income Americans, but a Wall Street Journal review of the program shows that a large number of those who received the phones haven’t proved they are eligible to receive them.