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Qualcomm tops $1bn in IoT sales

(Image credit: Shutterstock/Bakhtiar Zein)

Qualcomm has revealed it saw sales of more than $1 billion in its first year of entering the IoT market.

Through its subsidiary, Qualcomm Technologies, the company says it is providing “highly differentiated chipset products, reference designs and more than 30 purpose-built platforms”, designed to help businesses get into IoT.

IoT, or Internet of Things, represents all kinds of different things that can be connected to the internet to be managed, or to collect valuable data. This includes smart city meters, smart cars or smart household objects, to name a few.

“The wireless and computing technologies that enabled the mobile revolution are fuelling fast growth in connected devices, and as the IoT brings exciting change to virtually every industry you can think of, Qualcomm Technologies is present with the right innovations and products to help make that happen,” said Mike Finley, senior vice president and president, Qualcomm North America and Australia, Qualcomm Technologies, Inc.

“We are successfully scaling the business to serve hundreds, and ultimately thousands of new customers in the IoT, and with our deep technology portfolio we are well-positioned to help innovators everywhere participate in the IoT opportunity by building on the depth of our mobile technologies. With our customers we are bringing the benefits of the IoT to life by providing the connectivity, compute and security they need as a foundation.”

Shutterstock/Bakhtiar Zein

Sead Fadilpašić
Sead Fadilpašić

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.