), the leading chipset maker for mobile handsets in the world,
recently unveiled two new Snapdragon chipsets: Snapdragon 800 and
600 processors, targeting high-end mobile devices.
Qualcomm's Snapdragon 800 processor, which supports 4G LTE
technology mainly caters to premium smartphones category,
delivering 2.3 GHz clock speed and better battery back up. It is
powered with new quad core Krait 400 CPU, Adreno 330 GPU, Hexagon
v5 DSP, hence offering 75% improved performance than its earlier
Snapdragon S4 Pro processors.
Snapdragon 800 chipset is also integrated with New IZat
location technology, thus allowing users a perfect navigation
system. Apart from supporting UltraHD video recordings and
display, it also supports third generation 4G LTE modem with 150
Mbps data speed.
While Snapdragon 600 processor is powered with Krait 300
quad-core CPU with a clock speed of 1.9 GHz, thereby offering 40%
improved performance than the S4 Pro processor.
Both these processors are distributed as samples but expected
to be commercially available from the second half of 2013,
Qualcomm has already gained 50 design wins, hence expected to
deliver better performance from mid-year onwards.
According to the latest report presented by Gartner on
worldwide semiconductor industry, Qualcomm holds third place,
with 4.4% market share just behind the market leader
) and Samsung Electronics. As per the report, except for two
chipset manufacturers, Qualcomm and
), other semiconductor vendors declared fall in revenue in
In the last quarter, Qualcomm shipped around 141 million
chipsets and expects to ship in between 168 to178 million
processors in the next quarter. The company also raised its
revenue guidance for full fiscal 2013. So, with the availability
of Snapdragon 800 and 600 processors, the company will not only
raise its revenue outlook for fiscal 2013 but at the same time
will retain its third spot.
We maintain our long-term Neutral recommendation on Qualcomm.
Currently, the company has a Zacks #3 Rank, implying a short-term
(Hold) rating on the stock.
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