Qualcomm maintains long-term goals unchanged: up to 10% growth over the next 4 years

Sina Science and technology news Beijing time November 17 morning, due to the strong demand for smartphones and other mobile devices, Qualcomm reiterated in Wednesday that the company will maintain at least 10% annual revenue and earnings per share growth targets for the next 4 years. Qualcomm originally expected in 2010 to maintain a "double-digit" annual growth rate before the end of 2015. Bill Keitel, the company's CFO, reiterated that expectation at the annual analyst meeting in Wednesday Bill Kaiter.　　He added that this shows that the company's chip business is growing stronger than the wireless licensing business.　　Keitel said strong demand in emerging markets such as China offset the weakness of mature markets, which were largely affected by economic turmoil in Europe and the US.　　Qualcomm's rivals include Texas Instruments (Weibo) and Bo Tong, which are hoping to benefit from the sale of products such as tablets. Since most people already own mobile phones, Keitel points out that the growth of the market is mainly due to the replacement of mobile phones by users.　　He expects the 2012 mobile-phone replacement rate to remain around 34%, similar to 2011. Qualcomm's November 2 performance was stronger than expected, and the guidance forecast for the current fiscal year also exceeded market expectations.　　The company achieved 4.12 billion dollars in operating income in the fourth quarter ending September 30. Qualcomm shares fell 0.91% per cent in conventional trading in the Nasdaq market in Wednesday, at $56.88. The unit has risen 16% per cent since the year. (PEI)