After the product demonstrations, we were led into the main auditorium where the annual shareholders meeting began. CEO of Qualcomm, Paul Jacobs, began the presentation with a video which showed how people use products powered by Qualcomm in various ways, the same video that was shown for his keynote at CES earlier this year.
He then discussed the current financial state of the company, which has shown incredible growth over the last year with record sales for their mobile processors. Looking forward, there is expected sustained growth in the near future. Qualcomm has chosen to increase the amount of dividends paid to shareholders to $0.25 per quarter (amounting to $1.00 per year per share owned). Qualcomm is also initiating a $4 billion stock buyback. Other notable figures for the past fiscal year include: a revenue increase of 36% to $15 billion, an earnings increase of 33% to $5.4 billion, and $21 billion in cash assets at the end of the year.
Dr. Jacobs then spoke about Qualcomm’s current projects and areas of focus. The key areas of focus are: Smartphones, Emerging Regions, Non-Handset Devices, Connectivity, and Advanced Network Technologies.
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