24.1 C
New York
Thursday, September 23, 2021

Qualcomm’s (QCOM) Competitive Edge In 2021

For the semiconductor maker company QUALCOMM Incorporated (QCOM), the year 2020 ended with good momentum. Since the beginning of the year 2020, the stock has risen around 76.16 percent, from $152.34 in trade on December 31 to $86.48 on January 1, 2020. The organization will continue to expand in 2021, as three main developments in the telecom and information technology industry sustain its business.

Qualcomm’s key factor of development is the deployment of 5G technology, through which the firm manufactures chips for mobile transceivers and base stations. Leading mobile vendors have unveiled the first 5G-supported handset models in 2019-2020. Over the last couple of years, US mobile network providers AT&T, Verizon, and T-Mobile have spent tens of billions of dollars on 5G network implementations. There are no signs so far that the 5G route will slow down in 2021.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The second positive consideration for Qualcomm is its leading position in the mobile chip industry. So far, only this firm can sell a chipset with 5G support to smartphone manufacturers. Maybe Intel will be able to contend in the future, but Qualcomm remains the pioneer so far, and its chipsets are found in the leading manufacturers’ flagship smartphones.

The third factor may be the growth of profits and underestimation of the company’s capabilities by investors. In the past quarter, Qualcomm’s revenue grew 35% year-on-year, and earnings per diluted share increased by 86%. In the first quarter, the company expects earnings per share in the range of $1.95—$2.15. This possible growth is not yet reflected in the QCOM stock price.

QUALCOMM Incorporated (QCOM) was stable with a slip of 0.60% to close the Friday trading at $156.64. Over the past week company added roughly 3 percent to its value whereas gain over a year reaches 74 percent. The company currently stands at $176 billion in its market capitalization.

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

644

100% free. stop anytime no spam