Qualcomm MSM chip shipment growth, driving the third quarter QCT eye-catching performance

A few days ago, Qualcomm released the fourth quarter financial report for the fiscal year 2017, which is the third quarter of the calendar year (the following is the calendar year). The overall revenue performance is slightly inferior to the same period in 2016. The main reason is that the QTL department’s revenue has fallen sharply. The reason is that the litigation between Qualcomm and Apple has not ended, and Apple is reluctant to pay its licensing fees.

Observed Qualcomm’s third quarter 2017 revenues, with QCT sector at $4.65 billion, QTL at $1.213 billion, Operating Income at $1.578 billion, and camping rate at 26.67%.

1 QCT writes a record high for nearly three years

Although Qualcomm’s profitability is led by Apple in the QTL sector After the litigation against the patent licensing fees, it caused a significant decline. But the QCT department’s revenue still supports the overall revenue performance, writing a record high since 2015,YoY is 12.75 %, slightly lower than 13.77% in the same period of 2016.

Compared with competitor MediaTek, although the third quarter revenue reached a high standard, MediaTek’s YoY performance declined by 18.8%. Both parties have increased their revenues and increased revenues. gap.

Figure: Qualcomm revenue trend

Qualcomm MSM chip shipment growth, driving the third quarter QCT eye-catching performance

source: Qualcomm

2 MSM shipments, the key should be in the complete product layout

Observing Qualcomm’s MSM chip shipment status, the third quarter performance is also quite good, up to 220 million, also written The highest record since 2016.

Figure: MSM chip shipments

Qualcomm MSM chip shipment growth, driving the third quarter QCT eye-catching performance

source: Qualcomm

Compatible with the revenue of the two figures In terms of chip figures, revenues in the first to third quarters of 2017 were all higher than in the same period of 2016, but shipments in the first to second quarters of 2017 showed a downward trend.

It can be seen that although Apple has transferred some Modem chips to Intel, But Qualcomm’s overall QCT department still has a healthy financial status under the new product portfolio, To a certain extent, it can be attributed to Qualcomm’s product layout in the mid-to-high-end smartphone market since 2017. Qualcomm’s own CPU Kryo began to be well received in the flagship mobile phone market, and then its core architecture Moving down to the 600 series of processors, the customer’s selectivity is higher and the product layout is more complete.

(/ Yao Jiayang)