Chip manufacturer Qualcomm has cited emerging markets as the main driver behind the revenue and profit that it reported in Q4 2012.
The firm’s year-on-year net income increased by a fifth to US$1.27 billion, while its revenue rose by almost a fifth to US4.87 billion.
The BRICS markets reaped rewards for the firm this year, with 20 new licensees in China contributing strongly to its earnings. In addition, the company signed its first contracts with firms in Brazil. Qualcomm CFO William Keitel hailed the faster growth in emerging markets as a key driver for business.
The firm’s CEO Paul Jacobs pointed to wireless data growth as a major boon, with MSM chipset production up to 14 million units for the quarter, 11% higher than the previous year.