SAN DIEGO, Aug. 2, 2018 /PRNewswire/ -- Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ:
QCOM), will today discuss the growing momentum across many Internet
of Things (IoT) business verticals at its IoT industry analyst
workshop. It also announced that it has expanded the
distribution channels for its products and now reaches more than
9,000 customers, nearly 20 times the number of customers compared
to 2014, through indirect sales channels including more than 25
global distributors. This expansion complements direct sales
activities to help a broad range of customers develop new and
exciting consumer and industrial IoT solutions using Qualcomm
Technologies system-on-chips (SoCs), modems and connectivity
solutions. To further help its customers, Qualcomm Technologies
makes available more than 30 production-ready reference design
platforms through a network of original design manufacturers (ODMs)
for products including voice-enabled home hubs and smart displays,
smart speakers, connected cameras, appliances, smart watches and
more – all as part of Qualcomm Technologies' core strategy of
driving its technologies into higher growth industries.
"We are committed to providing innovative technologies to help
expand the IoT ecosystem. We are looking to make it easier
for companies of all sizes to succeed in designing and
commercializing innovative IoT solutions and to participate in this
huge opportunity," said Cristiano
Amon, president, Qualcomm Incorporated. "The strategy we set
a few years back of taking our leading-edge technologies into
growth opportunities is delivering results. We expect IoT revenues
in excess of $1 billion this fiscal
year after solid double-digit growth over the last couple of years,
driven by our ability to reuse our investments and R&D in
mobile technology to make this a very healthy business."
Ecosystem momentum
At the analyst day, Qualcomm Technologies' executives will
discuss overall IoT momentum and highlight some specific areas of
growth. Qualcomm Technologies' traction in IoT spans across a
variety of ecosystems supported by direct sales activities and the
expanded indirect sales channels.
In Industrial IoT segments, including enterprise, manufacturing,
retail, supply chain and utilities, Qualcomm Technologies' modems
and SoCs are providing vital connectivity and edge processing for
products such as point of sale terminals and industrial handhelds.
As a result, revenues are growing rapidly and are on track to
double this fiscal year versus two years ago. Qualcomm Technologies
anticipates its addressable opportunity in the Industrial IoT will
grow at an approximately 20 percent CAGR over the next few years,
and it expects to exceed that growth with its Industrial IoT
revenues.
In smart homes, Qualcomm Technologies' innovations in mesh Wi-Fi
and 11ax solutions are helping solidify the Company's leading Wi-Fi
position in retail including home access points and routers, with
major manufacturers of mesh Wi-Fi relying on Qualcomm Technologies'
solutions to help provide whole-home wireless connectivity. This
strength in home connectivity, coupled with recent product
introductions featuring edge computing, on-device artificial
intelligence (AI) and voice control, is designed to help the
Company grow its footprint in connected and smart home devices such
as appliances, lighting, and more recently smart displays including
an award-winning product launch from Lenovo. Qualcomm Technologies
expects four-fold revenue increases in SoC chipsets from the Home
Entertainment segment in fiscal 2018 versus a year ago.
In cameras, Qualcomm Technologies' products feature superb image
quality and support for on-device AI and as a result have been
selected by major enterprise and consumer camera brands such as
Lighthouse, Ricoh THETA, Cisco Meraki and KEDACOM, and the Company
expects about 120 percent revenue growth in SoC chipsets for
connected cameras in fiscal 2018 versus the prior year.
In voice and music, more than 1,300 products feature the popular
Qualcomm® aptX™ wireless audio technology, including nearly 100
products using the flagship aptX HD codec which supports crisp,
high definition sound over Bluetooth. Premium brands using aptX and
aptX HD include Audio-Technica, Beyerdynamic, Bowers & Wilkins
and LG, with more high-quality wireless speakers, headsets,
hearables and earbuds to come, such as the OPPO O-Free, which is
based on Qualcomm Technologies' latest Bluetooth audio SoCs.
In smart wearables, more than 200 wearable devices are based on
Qualcomm Technologies' solutions and the number of devices
continues to grow at an average rate of one new customer design-win
per week. Qualcomm® Snapdragon Wear™ platforms are designed to meet
the performance, power, sensors, and connectivity requirements
across smartwatches, kid watches and smart tracker segments.
According to International Data Corporation (IDC), as of Q1 2018,
Snapdragon Wear platforms power an increasing majority of
Wear OS device shipments. Qualcomm Technologies is also
driving the transition to 4G in kids watches including
a dedicated platform for this segment launched in
June 2018.
For more information about Qualcomm Technologies' IoT solutions
please visit www.qualcomm.com/IoT.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world connects, computes and communicates. When we connected
the phone to the Internet, the mobile revolution was born. Today,
our inventions are the foundation for life-changing products,
experiences, and industries. As we lead the world to 5G, we
envision this next big change in cellular technology spurring a new
era of intelligent, connected devices and enabling new
opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, all of our engineering,
research and development functions, and all of our products and
services businesses, including, the QCT semiconductor business. For
more information, visit Qualcomm's website, OnQ blog, Twitter and
Facebook pages.
Qualcomm, Snapdragon and Snapdragon Wear are trademarks of
Qualcomm Incorporated, registered in the
United States and other countries. aptX is a trademark of
Qualcomm Technologies International, Ltd., registered in
the United States and other
countries.
Qualcomm Snapdragon Wear and Qualcomm aptX are products of
Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Sinnott, Investor
Relations
Phone: 1-858-658-5431
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated