2012 was a wonderful year for Qualcomm (NASDAQ:QCOM). The numbers around the company speak for themselves. In fiscal 2012, Qualcomm accomplished the following:
- It grew revenue by 32%,
- gross profit was up 25%,
- it held onto a majority of baseband revenue,
- and it kept its dominant lead in mobile processors.
Not only that, but its hugely profitable licensing business grew by 17% amid surging smartphone sales. Qualcomm gets a lot of attention for being a key Apple supplier, but in reality the company is a major play on smartphone and tablet growth, regardless of shifting market share between competitors like Google and Apple.
In the video below, Fool technology analyst Eric Bleeker looks at a couple key storylines surrounding the company in 2013. Not only will Qualcomm have a chance to increase its presence in the booming tablet market, but it'll also have to defend a new generation of competitors battling in the smartphone chip space.
Eric Bleeker owns shares of NVIDIA. The Motley Fool owns shares of Apple and Intel. Motley Fool newsletter services recommend Apple, Intel, and NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.