LG Electronics, Inc. has decided to use the popular Snapdragon
800 processors of Qualcomm Technologies, Inc., - the business arm
of world's leading mobile chipset maker -
). The new chipset will be used in the flagship devices of
popular LG Optimus smartphones.
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Snapdragon 800 processors will be integrated with LG's G series
devices, thereby improving battery life and supporting better
graphics. Moreover, the addition of IZat Location technology will
further enhance its navigation and location services, making LG's
G series devices highly enhanced in comparison to other
Qualcomm's Snapdragon 800 quad core chipset supports 3G/4G LTE
device and faster clock speeds of up to 2.3 GHz per core.
Moreover, it is incorporated with Adreno 330 GPU, hence, offering
ultra HD graphics. Such stunning chip features make it an
immediate choice for the high-end device manufacturers.
A few days back,
) also decided to use Snapdragon 800 processors in Windows' RT
8.1-based tablets. We believe that the popularity of Snapdragon
quad-core processors will continue to rise as premium smartphones
like Samsung Electronic's Galaxy S4,
) Sony Xperia Z and
Research In Motion
) new BlackBerry Z10 are already using Qualcomm's chipsets.
In the recently concluded second quarter, Qualcomm shipped
approximately 173 million CDMA-based MSM chipsets, up 14% year
over year. The company intends to maintain this trend.
According to the industry sources, last year, 40 million devices
integrated with quad-core processors were sold and nearly 250
million premium smartphones were shipped. Hence, we believe that
such robust demand for high-end smartphones will continue to
drive Qualcomm's top-line growth.
Currently, Qualcomm carries a Zacks Rank #3 (Hold).