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There thank you very much great -- -- thanks o'clock I'm shares are surging nearly 7% today after strong demand for three G Smartphones in China lifted profits.
Above Wall Street estimates actually caught up with the Qualcomm chairman and CEO Paul Jacobs.
Earlier today asked him what contributed to the company's six acts.
Well it's really.
You know so much enthusiasm that people have for Smartphones around the world.
Those were up -- 74%.
On the quarter -- so for a year over year.
Also emerging markets are taking off they've done extremely well.
And the culmination has been good to by the way Smartphones really took off in China over the last quarter.
Because of the competition that's going on there -- we have other things you know advanced technologies are launching in terms of new radio technologies to keep up with the -- demand.
New devices AT&T announced.
Last quarter that half of their net adds came from non handset devices so there's really a lot of things that are combining -- help us get this kind of growth.
A lot of sources for growth that's for sure forecast analysts have been talking about really driven by strength with the iPhone four rest.
One area of weakness or at least at a point of concern I've been reading about is as Samsung inventory depletion can you tell me a little bit more about that.
You know we -- we're working well with Samsung they're obviously one of our biggest customers.
And we do see a little bit of inventory.
Build but that's natural going into the holiday season so this is nothing that we see that's.
That's out of the ordinary and we expect a very strong demand going into the holidays lesson.
Let's move to snapdragon.
This move to put -- it from the Smartphones into tablets is gonna -- you head to head competition with Intel.
What's the road map here are you really going to get get any traction in this new in developing and exploding area.
Yeah I think that's very exciting because Microsoft is supporting big windows.
On to these processors that come out of the mobile industry and so the devices that you're going to see are going to be.
Tablets that are really -- eight.
Very thin form factor.
Instant on always on always connected the kinds of things that you expect from your Smartphone.
Are now gonna come to your windows computing device.
And we will see a range of different form factors -- we will see tablets as I said.
Traditional notebook styles but much much thinner and lighter and then we'll have these convertible devices where you'll be able to pull the screen off and use it -- -- as a tablet men reattach it and use it as -- notebook.
Are you concerned about cannibalization as he's tablets do more and more as he Smartphones do more and more many people are thinking well one day we may give up one for the other.
Yeah I don't think so I I see them as complementary just because of the size.
There you carry your Smartphone around with you all the time you're tablet you have under certain circumstances.
Personally -- do that I carry a tablet during the day.
Although -- smaller form factor one so I can touch type on it without having to put it down on the table.
And then I use my Smart phone for my phone calls and my tax and then at night I'm mostly using my Smartphone to I don't wanna carry that bigger tablet around with me so I think I think it will be complement.
Really need to streamline more to your arrest out there Paul I've got to -- the Smart sons and and I got another tablets have.
I -- scale back a little a year before we let you go so many they have like no don't do that please -- -- Let let the very lady -- so many headlines and and confusion really coming out of Europe.
How much you pay attention to it and how does it impact your outlook for growth.
We definitely pay attention to it you know while we had gone between -- -- planning process and our financial guidance process.
Various estimates of growth around the world came down a little bit so in between those two internal events.
We actually took the numbers down but those numbers are now in our guidance and even with those reduced expectations.
Our growth is very strong because of all these things that we talked about and really.
The wireless industry is growing so strongly -- so much demand for.
And we do believe that even in economic downturns.
People will still -- the phones we've seen that happen in the past.
It's not a luxury item anymore people need to have them and my personal belief is that.
-- Smartphone -- in such an expensive thing and it is the kind of thing you can treat yourself to.
Even in a time of economic downturn so that's why we believe that will continue to see very strong growth.
It's called a recession resistant product there are -- said doctor Paul Jacobs chairman of.
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