According to a recent report of research firm Strategy
) - globally the largest manufacturer of smartphone chipsets -
continues to dominate the smartphone applications processor
market through its 54% market share in terms of revenues.
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) and Mediatek hold the second and the third position with
respective market share of 16% and 10%. However,
) which holds the top spot in the overall semiconductor industry
continues to disappoint its smartphone chipset business with a
mere 0.2% market share. At the end of 2013, the worldwide
smartphone applications processor market reached $18 billion,
with an annual growth of 41%.
Qualcomm exited the first quarter of fiscal 2014 with nearly $6.6
billion revenues out of which its Qualcomm CDMA Technologies
segment contributed $4.6 billion revenues, up 12% year over year.
Moreover, the company shipped nearly 213 million CDMA-based MSM
chipsets, up 17% year over year.
Qualcomm's Snapdragon 800 quad core chipset is in high demand and
is widely used in high-end smartphones as it supports 3G/4G LTE
modem with ultra HD graphics, enhanced battery life and clock
speeds of up to 2.2 GHz per core. Moreover, the company's
Snapdragon 400 and 200 flagship processors are hugely popular
among mid-range smartphones.
At the end of 2013, nearly 200 million subscribers were using LTE
services in 101 countries. Such aggressive deployment of LTE
networks coupled with increased usage of smartphones and tablets
will help Qualcomm maintain its leading position in the
smartphone applications processor market. Revenue wise, the
company already holds the top spot with more than 60% of LTE
market share in 2013.
Currently, Qualcomm carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
A better-performing stock in the industry is
) with a Zacks Rank #1 (Strong Buy).