Qualcomm’s 2022 Auto Revenue Will Reach About 1.5 Billion US Dollars!

Agency says Qualcomm’s last year’s auto revenue will reach about 1.5 billion USD, one of the fastest growing businesses!

According to the latest developments on January 6, Strategy Analytics released a report today saying that the automotive field is one of Qualcomm’s fastest-growing businesses. Qualcomm will reach about $1.5 billion (about 10.32 billion yuan, 123 Billion INR) in automotive revenue in the 2022 calendar year, accounting for about a quarter of the total revenue in this field.
 
qualcomm automotive revenue 2022
 
According to the report, by 2031, automobile revenue will grow at a compound annual growth rate of 25% to more than 9 billion US dollars (about 61.92 billion yuan, 742 Billion INR).
 
The financial report shows that Qualcomm’s fiscal year 2022 revenue will be US$44.200 billion (approximately RMB 316.472 billion), a year-on-year increase of 32%; net profit will be US$12.936 billion (approximately RMB 92.622 billion), an increase of 43% year-on-year.
 
We also learned that Qualcomm previously expected revenue in the first quarter of the fiscal year 2023 to reach US$9.2 billion (approximately RMB 63.296 billion)-US$10 billion (approximately RMB 68.8 billion).
 
qualcomm snapdragon 888 new isp
 
Recently they also announced Qualcomm Snapdragon Sattelite at CES 2023! So guys what do you think about their future? Do let us know your thoughts in the comments section below!
 

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I am a QA/QMS Lead and was a mechanical and automation engineering student. A hardcore gamer and master in the Age of Empire, and always ready to learn and create new things. I love challenges and like to face them upfront.


Qualcomm’s 2022 Auto Revenue Will Reach About 1.5 Billion US Dollars!

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