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Qualcomm rolled out its next generation of 5G processors Tuesday that the company says can deliver peak download speeds of 10 gigabits per seconds to smartphones, laptops, household Internet and private business networks.
The company’s new Snapdragon X65 baseband chip is currently being tested by device makers. It’s expected to be used in smartphones and possibly other electronic gadgets launched later this year.
The processor is Qualcomm’s fourth generation 5G cellular modem, the semiconductor responsible for linking mobile devices to cellular towers and the overall network. The X65’s peak speed is about 10 times faster than the top speeds available on the most advanced 4G LTE networks.
Qualcomm rolled out its next generation of 5G processors Tuesday that the company says can deliver peak download speeds of 10 gigabits per seconds to smartphones, laptops, household Internet and private business networks.
The company’s new Snapdragon X65 baseband chip is currently being tested
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With the return of Apple as a customer and the momentum behind 5G smartphones, Qualcomm was expected to report big revenue and earnings numbers for the quarter ended Dec. 31.
The San Diego company did just that on Wednesday, especially on the profit front.
Fiscal second quarter revenue hit $8.235 billion, up 62 percent from the same quarter last year and the second highest on record under Generally Accepted Accounting Principles.
Qualcomm earned $2.455 billion, or $2.12 per share, for the quarter under GAAP a 165 percent gain over the prior year.
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Adjusted earnings, which exclude certain charges, came in at $2.17 per share, ahead of Wall Street analysts’ consensus estimate of $2.06.