in ,

Qualcomm Sees Strong Q4 Earnings Thanks to 5G iPhone 12

qualcomm-sees-strong-q4-earnings-thanks-to-5g-iphone-12

by

Qualcomm earned $8.3 billion in revenue in the fourth quarter of 2020, according to the company’s earnings report that was shared today. That’s up 73 percent from the fourth quarter of 2019, with Qualcomm’s strong performance due in part to the 5G chips used in the iPhone 12 and other smartphones on the market.

As reported by The Wall Street Journal, Qualcomm CEO Steve Mollenkopf said that some of the Q4 earnings report reflected iPhone sales, but earnings will be more substantial in the next quarter. “Our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses,” said Mollenkopf.

Qualcomm also received a one-time payment of $1.8 billion from Huawei, but even without that revenue, Qualcomm’s sales were up 35 percent year over year.

Apple and Qualcomm last year settled a vicious legal battle over licensing fees after it became clear Apple would not be able to rely on Intel chips for its 5G iPhones. Apple and Qualcomm signed a multi-year licensing deal and all of the ‌iPhone 12‌ models are equipped with Qualcomm’s 5G modems.

Going forward, Apple plans to use Qualcomm chips for years to come. A recent Apple roadmap suggested the company plans to rely on Qualcomm’s X60, X65, and X70 chips through at least 2023. Apple is, however, developing its own modem chips in house and at some point, may shift to its own technology.

Apple in 2019 purchased the majority of Intel’s smartphone modem business for $1 billion, giving Apple new wireless technology patents and engineers with expertise in modem development. Intel’s former chip team has joined Apple’s cellular technologies group, and at the time, Apple chip chief Johny Srouji said that the purchase would allow Apple to expedite development on future products.

Top Stories

Apple Announces November 10 Event, Apple Silicon Macs Expected to Debut

Monday November 2, 2020 9:04 am PST by

Apple today announced a third fall 2020 event, which is set to be held on Tuesday, November 10 at 10:00 a.m. on the Apple Park campus in Cupertino, California. As with the September and October events that saw the debut of new Apple Watches, iPhones, and other products, the November event will be digital only, with Apple likely providing pre-taped segments for each new product that will be…

Hands-On With Apple’s iPhone 12 MagSafe Wallet Attachment

Monday November 2, 2020 2:10 pm PST by

Alongside the MagSafe cases and the MagSafe Charger that Apple introduced with the iPhone 12, there’s also a Leather Wallet that has magnets at the back so it can attach right to an iPhone as an add-on accessory. Leather Wallets became available for purchase over the weekend, so we picked one up to see if it’s a worthwhile alternative to a traditional wallet.
Subscribe to the MacRumors YouTube …

Apple Now Offering iPhone 12 Mini and Pro Max Pre-Approval for iPhone Upgrade Program Customers

Monday November 2, 2020 10:00 am PST by

With pre-orders for the iPhone 12 mini and iPhone 12 Pro Max scheduled to take place this Friday, Apple today began offering pre-approval for the new iPhone models for iPhone Upgrade Program members. Existing and new ‌iPhone‌ Upgrade Program members can use the Apple Store app on the ‌iPhone‌ to go through all of the pre-approval steps to get ready to purchase one of the new iPhones …

Apple’s Dark Sky Weather App Gains Improved Location Search and Other New Features

Monday November 2, 2020 10:53 am PST by

Apple in March purchased popular iOS weather app Dark Sky, and has begun integrating the Dark Sky features into iOS with the release of iOS 14. The Dark Sky app, priced at $3.99, continues to be available, and today Apple released an update for the app.
Dark Sky version 6.8.5 features a new extra large watch complication to be used with watchOS 7, and it includes improved location search…

Deals: Prepare for iPhone 12 Pro Max and iPhone 12 Mini Pre-Orders at AT&T, Verizon, and T-Mobile

Pre-orders for the iPhone 12 Pro Max and iPhone 12 Mini kick off this Friday, November 6. Ahead of that date, we have information on deals that shoppers will be able to take advantage of this week, as well as on launch day on Friday, November 13.
Note: MacRumors is an affiliate partner with these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us …

First Hands-On With iPhone 12 MagSafe Leather Cases Shared Online

The first hands-on video and images of Apple’s iPhone 12 and iPhone 12 Pro leather cases have been shared online by German site Macerkopf.
The video and images were reportedly sent to Macerkopf by a reader who obtained a selection of cases early. One case for each of the three device sizes, encompassing the iPhone 12 Pro Max, iPhone 12 and 12 Pro, and iPhone 12 mini, are shown in Black and …

Hands-On Comparison: iPhone 12 vs. iPhone 12 Pro

Friday October 30, 2020 2:29 pm PDT by

For those still trying to make a decision between an iPhone 12 or an iPhone 12 Pro, we picked up both models and in our latest YouTube video, did a hands-on comparison between them. Our video highlights the similarities and the differences so you can which one is the best fit for you and whether the iPhone 12 Pro is worth an extra $200.
Subscribe to the MacRumors YouTube channel for more …

Apple Working on Redesigned Mac Pro With Smaller Form Factor and Apple Silicon Chip

Monday November 2, 2020 12:46 pm PST by

As part of the transition to Apple Silicon, Apple is designing a new Mac Pro that has a smaller form factor, reports Bloomberg. The new Mac Pro is said to have a design that looks like the current design, but in a more compact enclosure that’s “about half the size.”
It is not known if the new Mac Pro will replace the current model or will be sold alongside the current Mac Pro, which was…

Apple Watch Now Supports Standalone Spotify Streaming

Tuesday November 3, 2020 1:31 pm PST by

Spotify has started rolling out support for standalone streaming through the Spotify app for Apple Watch. With the new feature, Spotify users can listen to music or podcasts from Spotify over WiFi or cellular without having to have an iPhone nearby.
There has been a Spotify Apple Watch app available for the past few years, but the standalone streaming option is new. Spotify has been testing…

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
latest-oneplus-8t-update-promises-better-camera-shooting-experience

Latest OnePlus 8T update promises better camera shooting experience

nikkei:-apple-aiming-to-produce-2.5-million-apple-silicon-macbooks-by-february-2021

Nikkei: Apple Aiming to Produce 2.5 Million Apple Silicon MacBooks by February 2021