As digital mobile phone sales finally gain momentum in the US, phone maker Qualcomm has announced record sales for its most recent quarter.
Qualcomm reported turnover of $941 million for the first quarter of fiscal 1999, ended 27 December 1998, up from $785 million during the same quarter a year earlier.
Profits for the quarter increased 32 per cent to $48 million, compared with $36 million during the year earlier period. Earnings per share were $0.65, beating analysts' estimates of $0.60.
Qualcomm saw strong growth in sales of communication systems, in particular digital mobile phones based on the code division multiple access (CDMA) standard - the most widely used standard in the US.
Analogue mobile phones have dominated the US market until recently, but sales of digital phones - which offer enhanced call quality - are picking up. During the first three months of 1998, sales of digital phones in the US overtook analogue sales.
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