Qualcomm Technologies, Inc., the business arm of Qualcomm Inc. (QCOM - Free Report) , joined forces with Samsung to integrate Chinese BeiDou Satellite Navigation System into its product portfolio.
Qualcomm’s IZat location solution powered with Snapdragon 800 processors and BeiDou Satellite Navigation System provides accurate location-based information to Samsung Galaxy Note 3 users in China. Moreover, usage of Snapdragon chipset further enhances battery life of the device.
Generally, urban dwellers face the problem of poor signal due to interruptions caused by skyscrapers. The BeiDou Satellite Navigation System will facilitate uninterrupted transmission of signals.
The popularity of Qualcomm chipsets is continuously gaining popularity. Most high-end smartphones like Sony Corp’.s (SNE - Free Report) Sony Xperia Z and BlackBerry Limited’s (BBRY - Free Report) BlackBerry Z10 use Qualcomm chipsets. Qualcomm’s Snapdragon 800 quad core processors will gain traction with increased deployment of 4GLTE technology across emerging nations like India and China.
World’s largest telecom operator, China Mobile Limited (CHL - Free Report) , targets to deploy nearly 200,000 TD-LTE base stations by the end of 2013. China Mobile has already chosen Snapdragon and Gobi-based LTE-TD smartphones, as it runs well on such home grown networks. This will create a huge growth opportunity for Qualcomm in the upcoming quarters.
In the fourth quarter, Qualcomm shipped approximately 190 million CDMA-based MSM chipsets, up 35% year over year. This figure significantly surpassed the company’s guidance of a mid-point of 176 million. The company expects to ship 195–210 million MSM chipsets in the first quarter of fiscal 2014.
Currently, Qualcomm carries a Zacks Rank #2 (Buy).