For fiscal 2013 overall, Qualcomm delivered earnings of $4.51 per share along with revenue of $24.87 billion, up 30 percent annually.
Maintaining a focus on the revenue targets, CEO Paul E. Jacobs reflected on the quarter in prepared remarks:
I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year. Our technologies underpin the global growth of wireless data, and our semiconductor solutions are used across the industry’s flagship smartphones. Looking forward, we expect continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China with the anticipated launch of LTE. Qualcomm remains well positioned from a growth standpoint, and we expect double-digit compound annual growth rates for both revenues and earnings per share over the next five years.
Qualcomm counted up approximately $60.2 billion in total device sales during the quarter, up 29 percent y-o-y, shipping an estimated 260 to 264 million 3G/4G units priced at an average of $227 to $233 each.
Over the 12-month period, Qualcomm estimated that it shipped between approximately 1,017 and 1,033 million 3G/4G units with an average price-per-unit range of $223 to $229. That rang up to approximately $231.2 billion in total reported device sales, up 23 percent annually.
As for MSM shipments, Qualcomm shipped off roughly 190 million of those units during the quarter, an increase of 35 percent y-o-y, with an estimated total of 716 million units for the entire year.
Looking forward at the first fiscal quarter, Wall Street is looking for Qualcomm to return next year with earnings of $1.29 per share on a revenue of $6.99 billion.
Qualcomm responded with a weaker outlook, providing a revenue guidance range of $6.3 billion to $6.9 billion, following up with earnings projected to fall around $1.10 to $1.20 per share.
For fiscal 2014, Qualcomm offered revenue guidance of $26 billion to $27.5 billion with earnings between $4.95 and $5.15 per share.