Qualcomm's Earnings Preview: License Business Remains Uncertain But 3G/4G Continues To Be Strong

Qualcomm expects to resolve the licensing issue in China soon, but remains uncertain of the timing. Accordingly, the company believes that the QTL revenue growth many be muted to some extent in fiscal 2015. Additionally, Qualcomm forecasts the global device ASP's to decline during fiscal 2015 at a faster pace than recent years, but still expects a reasonable growth in its 3G/4G device sales driven by very strong unit growth. It claims that the growth in global 3G/4G device demand remains strong,...