Qualcomm has been investing heavily into 5G chips and it’s now reaping the benefits. The San Diego chip company posted its fiscal results for the three months ending on Sept 27 and its full fiscal year, revealing an increase in profit and sales both on a quarterly and yearly basis.
The company didn’t name specific reasons, but Reuters revealed Apple’s 5G phones were the key driver behind Qualcomm’s success.
(all numbers in million except %)
Fiscal Q4 2020
Fiscal Q4 2019
Fiscal year 2020
Fiscal year 2019