To optimize the UI and slash the cost, most smartphone maker giant has developed their own chip – begin with Samsung Exynos, Apple A-series, and Huawei Kirin. Could this trend dethrone Qualcomm as the market leader? Does the competitive advantage of Qualcomm last long?Continue reading “Does Competitive Advantage of Qualcomm Last?”
This is how a firm repays a debt by issuing new debt – digging a hole, filling the hole practice. In May 2020, Qualcomm had to repay its 2 billion total debt, but instead of using its cash (almost 12 billion in 2019), The chipmaker issue a new debt note with the same amount to repay it. August 2020, Qualcomm issue another 2 billion to purchase its another old debt note.
Its balance sheet – 15.7 billion debt (both short and long term) vs 6.7 billion cash (and cash equivalent) – bold the firm’s dependence on debt. Do our dragon always hungry for resources? Do shareholders need to worry?Continue reading “Qualcomm Annual Report. What do We get?”