Despite Accelerating ASP Decline, Qualcomm's 3G/4G Business To Grow In 2015

While Qualcomm believes that the QTL revenue growth many be muted to some extent in fiscal 2015, it claims that the growth in global 3G/4G device demand remains strong, which along with new emerging opportunities is expected to drive its long-term growth. Though Qualcomm forecasts the global device ASP's to decline during fiscal 2015 at a faster pace than recent years, it still expects a reasonable growth in its 3G/4G device sales driven by very strong unit growth.