CDMA technology is used by top cell phone providers including Verizon Wireless and Sprint. Qualcomm receives a royalty for every phone with CDMA installed and also develops chips for phones.
Qualcomm chips are found in Apple's popular iPhone and half of all Android-based smartphones.
Qualcomm said it had 932 million Mobile Station Modem (MSM) shipments in fiscal 2015, up 8%. Estimated 3G/4G shipments were approximately 1.233 to 1.249 billion units in fiscal 2015, at an estimated average selling price of approximately $199 to $205 per unit.
In fiscal 2015, the company reported revenues of $25.3 billion, down 5% from the previous year, and net income of $7.6 billion.
The company acquired CSR Inc. of the UK for $2.4 billion in August 2015.
Established in 1985 in San Diego, CA, Qualcomm began as a six-person communications technology company co-founded by Dr. Irwin Mark Jacobs. The company drew the attention of the communications industry when it demonstrated the effectiveness of a digital wireless technology called Code Division Multiple Access (CDMA) and proposed that it be commercially deployed.
The company draws its name from "QUALity COMMunications."
Qualcomm started out providing contract research and development services, with limited product manufacturing, for the wireless telecommunications market. One of the team's first goals was to develop a commercial product. This effort resulted in OmniTRACS . Introduced in 1988, OmniTRACS is today the largest satellite-based commercial mobile system for the transportation industry.
That early success led the innovative company to take a daring departure from conventional wireless wisdom. In 1989, the Telecommunications Industry Association (TIA) endorsed a digital technology called Time Division Multiple Access (TDMA). Just three months later, as the industry looked on in disbelief, Qualcomm introduced Code Division Multiple Access (CDMA) technology for wireless and data products - changing the global face of wireless communications forever.
The company acquired Atheros Communications in 2011.
The company acquired 2,400 patents and pending-patents from HP in January 2014.
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Updated November 8, 2015