Qualcomm 5G Wireless Strategy Shows Strong Growth: Jeff Kagan

Image: Qualcomm President Christiano Amon. Source: Qualcomm

We are still in the early innings of the massive and new 5G wireless game. To date, Qualcomm seems to be doing very strong business here in the USA and, in fact, globally. The company's recent earnings report for its fiscal second quarter says earnings per share and revenue continued to show strong growth.

To tell you the truth, looking forward, I don’t see anything standing in Qualcomm's way. This growth curve should continue as strong as it is today for years to come.

Of course, no one knows for sure what tomorrow holds, but based on what we know today and what we see going forward, Qualcomm's growth will only continue.

Qualcomm riding 5G wireless growth wave

The pace of growth could strengthen or weaken from time to time. That is normal for any company, but Qualcomm is on the growing side of the growth wave I always talk about, and I don’t see that changing in the near future.

The company has been through a rough several years on many fronts. Those bumps in the road were challenging for sure. The good news is the problems seem to be water under the bridge and, looking forward, I expect smooth sailing for Qualcomm.

Qualcomm CEO Steve Mollenkopf has done a great job

That top level performance is thanks to the management of CEO Steve Mollenkopf, who will be leaving in the next few months.

The new CEO, Cristiano Amon, will inherit this well-run, growth company. So, it will be his job to both keep Qualcomm on the growth track and, over time, to create or take advantage of new growth opportunities as well.

Amon has been with Qualcomm since 1995 and has been president since 2018. In recent years, he has been running the company's chip division and seems well-suited to take over the chief executive role.

Looking forward, Qualcomm growth will continue to come from a wide variety of areas like Snapdragon mobile processing chips, networks, smartphone and tablet technology and more.

Next Qualcomm CEO Cristiano Amon will take over

Additionally, 5G wireless is expanding Qualcomm's growth opportunity to many new areas as well. Think IoT, AI, connected cars and automotive, telehealth and telemedicine and so much more.

Not only will the company continue to service its existing customer base, which are networks, handset makers and more, globally, but going forward there is so much more on the horizon.

Increasingly, industry after industry sees 5G as a way to transform their spaces as well. The early adopters in each space will see this as a competitive advantage. That’s why they want to be first.

Over time, however, every competitor in the space will have to follow just to remain competitive.

Qualcomm will continue to ride growing 5G wireless growth wave

That is a huge growth opportunity for a wide variety of companies, including Qualcomm, which makes the technology that brings all this vision to life.

So, thank you to Steve Mollenkopf for a job well done. And good luck to Cristiano Amon going forward.

Looking back, the company has been one of the strongest players in the wireless space for more years than I can count.

Looking forward, Qualcomm will remain one of the key players in 5G wireless and beyond. It will be very interesting to continue to watch their growth and progress as a company while the industry grows and transitions to the new world of 5G and beyond!

Jeff Kagan is an Equities News columnist. Kagan is a Wireless Analyst, Technology Analyst and Commentator who follows Telecom, Pay TV, Cloud, AI, IoT, Tele Health, Healthcare, Automotive, Self-Driving cars and more. Email him at [email protected] His web site is www.jeffKAGAN.com. Follow him on Twitter @jeffkagan and LinkedIn www.linkedin.com/in/jeff-kagan/

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Equities Columnist: Jeff Kagan

Source: Equities News