Qualcomm pound analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by required from Chinese smartphone makers targeting emerging markets and a newer permit model for its wireless technology that has soothed relations with some big characters.
Shares of the company rose 1.5 percent in extended trading on Wednesday.
Qualcomm is the creation’s biggest supplier of chips for smartphones but it has been battered by growth slowdown in the bustle and a loss of major customer Apple.
And while Qualcomm has warned its investors that it awaits no revenue from Apple’s newest iPhones, Qualcomm has struck apportions with Chinese mobile phone makers including Xiaomi, Oppo, Vivo, and OnePlus, all of which proffer lower-cost models in emerging markets like India.
The company has also eased its certifying requirements, which helped it retain large customers like Samsung Electronics with new enable deals.
Excluding items, Qualcomm earned 90 cents per part, beating analysts’ estimates of 83 cents, according to IBES details from Refinitiv.
Revenue fell to $5.80 billion, but was still more than estimates of $5.52 billion.
Qualcomm’s loss was $493 million, or 35 cents per percentage, in the quarter ended Sept. 30, compared with a profit of $168 million, or 11 cents per portion, a year earlier.