With management raising revenue guidance, fiscal 2013 might be an even bigger year for the chip maker.
In what's been a tough market for the semiconductor sector, Qualcomm (QCOM) continues to confound the skeptics, some of whom rushed to pronounce an end to the company's growth story.
Competing chip makers such as Intel (INTC), Nvidia (NVDA) and Texas Instruments (TXN) have been hurt by, among other things, weak demand for microprocessors and chip sets. But Qualcomm recently exceeded the estimates of Wall Street analysts for revenue and profit it its fiscal fourth quarter.
It also did what few rivals have been able to do -- raise guidance.
Sales of Samsung's Galaxy S III surpassed the iPhone 4S in the third quarter to become the best-selling smartphone. But the iPhone 5 should reassert Apple's dominance.
Samsung's Galaxy S III overtook the iPhone 4S to become the world's best-selling smartphone during the third quarter, according to research from Strategy Analytics, but the iPhone 5 looks set to re-assert Apple's(AAPL) dominance.
The Korean tech giant shipped 18 million Galaxy S III's during the third quarter, accounting for 10.7% of the global smartphone market. Apple shipped an estimated 16.2 million of the popular iPhone 4S, according to Strategy Analytics, making up 9.7% of the market.
Apple, however, still holds an enviable position in the smartphone battle thanks to its new iPhone 5, which was launched amid much fanfare in September.
About 7,000 US Starbucks locations are beginning to accept payments using Square's mobile payment application for smartphones.
By Chris Ciaccia, TheStreet.com
The partnership that promises to bring the mobile-payments revolution to the forefront launched Nov. 8, as Square, the start-up that has developed a software-based mobile wallet, rolls out its mobile-payments app at approximately 7,000 Starbucks (SBUX) outlets.
As Square Wallet goes into effect for Starbucks customers, the two companies hope their relationship transforms the mobile-payments experience.
Sales were strong following the late-September launch of Apple's smartphone. But consumers and carriers are getting antsy about ongoing production delays.
Despite early criticism from pundits who asserted that Apple's (AAPL) iPhone 5 was a step back from previous handsets, consumers are still having an extremely difficult time getting their hands on one.
Demand is enormous, and Apple's supplier, Foxconn Technology, is reportedly having problems keeping up with the demand.
"It's not easy to make the iPhones. We are falling short of meeting the huge demand," Foxconn Chairman Terry Gou recently told reporters.
Our digital communications rest uneasily on a platform that wobbled and in some cases broke down altogether in the storm that ravaged New York City and its surroundings.
Although I am ridiculously fortunate to have escaped Hurricane Sandy with only a few downed trees and a week without electricity, the storm left me with the unsettling realization that what passes for Internet infrastructure -- the mishmash of wired, wireless, power and computer technologies that virtual things run on -- is essentially a techno bucket of bolts.
And considering the cost, complexity and uncertainty in doing business on the Web, it is no wonder that information technology giants such as Google (GOOG), Facebook (FB) and Amazon.com (AMZN) see their profit margins under threat.
The World Wide Web will need a worldwide rebuild before anybody ever makes any real money with the thing.
Copyright © 2014 Microsoft. All rights reserved.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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