Sales and delivery of products Qualcomm declined, but profit increased
Qualcomm reported for the fourth quarter of 2016 financial year and the whole year. For the last quarter it made $ 6.2 billion, corresponding to growth of 13% in annual terms. Operating profit rose 58% to $ 1.8 billion, and net profit growth was 51%, and the profit amounted to $ 1.6 billion. During the quarter, the manufacturer shipped 211 million chips MSM (Mobile Station Modem), which is 4% higher than a year earlier.
For the full financial year as a whole Qualcomm rescued 23.6 billion dollars, which corresponds to a decrease of 7%. But operating and net profit grew by 12% and 8%, and was 6.5 and 5.7 billion dollars respectively. During the year MSM chipsets were sold 842 million, which is 10% less than in fiscal year 2015.