Qualcomm (QCOM) noted on its FQ4 call a mix shift towards 4G baseband chips will lead ASPs to...

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Qualcomm (QCOM) noted on its FQ4 call a mix shift towards 4G baseband chips will lead ASPs to continue rising in FY13. Design activity for high-end chips remains strong - 24 out of 27 smartphones recently launched by Japanese carriers featured a Snapdragon chip. Smartphones are propping up device ASPs even though emerging markets are growing quickly as a % of sales. Qualcomm plans to keep growing R&D spneding rapidly. Shares +7.9% AH. SA's Ashraf Eassa argued on Monday Snapdragon and LTE baseband sales would lead to a strong report. (FQ4 results: I, II)