Alex Bobrov
Steve Millenkopf has recently been appointed new CEO and President of Qualcomm.
The appointment was announced in December 2013.
While being interviewed after the appointment, Mr. Millenkopf told the journalist about his view of the future mobile market. Apparently, he thinks Qualcomm chips will be in great demand among the developer of mobile devices form around the globe, and this is already the case.
On top of that, Qualcomm is currently working on innovative technologies that will allow the company to stay one step ahead of its rivals in the future. The new CEO is positive despite the fact that more and more experts are predicting a slowdown in the mobile industry worldwide. This year, the international mobile market is expected to grow only 19% (as compared to 39% seen in 2013). If the tendency continues, the sales of mobile devices will obviously slow down as well, thereby affecting the overall financial performance in the entire industry. In particular, analysts assume that the industry will grow only 6% in 2018.
As for Qualcomm's major rival, this is MediaTek. During the recent expo called Mobile World Congress 2014, MediaTek and Qualcomm shared their plans for 2014.
MediaTek is set to introduce a quad-core version of Cortex-A53 while Qualcomm announced 2 64-bit versions of Snapdragon 600: MSM8936 with 4 cores Cortex-A53 and MSM8939 with 8 cores.
Meanwhile, Qualcomm's stock keeps setting new price highs and is currently trading around 76,67 dollars per share.
Alex Bobrov
