Qualcomm posts $1.6B in net income as it regains footing in China

Qualcomm’s net income jumped 51 percent year over year on a 13 percent increase in revenue in its fiscal fourth quarter . Net income rose to $1.6 billion, or $1.07 per share, up from $1.06 billion, or 67 cents a share, during the prior year, and revenue increased to $6.2 billion from $5.5 billion.

CEO Steve Mollenkopf said during a conference call with analysts

“In our licensing business, we continue to execute well as we enable the industry to benefit from the tremendous opportunities around the world, including in China,”

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