Displaying items by tag: Steve Mollenkopf

Global shipments of smartphones have dropped 38 per cent year-on-year in February, according to the latest research from Strategy Analytics.

It was the biggest fall ever in the history of the worldwide smartphone market, in-line with forecasts of a sharp decline due to the impact of the global Covid-19 (coronavirus) pandemic.

61.8 million units were shipped during the month compared with 99.2 million during February 2019.

This trend is cited to both production issues, as factories were forced to close in an attempt to limit Covid-19 cases, along with a drop in consumer visits to retailers.

In a statement, Strategy Analytics executive director Neil Mawston said: “Supply and demand of smartphones plunged in China, slumped across Asia, and slowed in the rest of the world.”

The company expects weak demand to also be reflected in its March figures.

Despite the grim forecasts, Qualcomm CEO Steve Mollenkopf was last week confident on global outlook after a slight rebound in handset demand in China.

The CEO noted the company is working towards the future: “I think the biggest issue you have to be prepared for is when this thing snaps back it snaps back hard, and make sure you’re in a position to take advantage of it. And so we’re trying to do the best job we can to be prepared.”

His comments came as cases of Covid-19 virus appeared to be improving in China, with handset and component production also beginning to return to normal.

Qualcomm Incorporated announced on August 25 that Derek Aberle has decided to leave the company after a 17-year career during which he served as President of Qualcomm Incorporated and helped drive the company’s overall global strategy and vision as a member of Qualcomm’s Executive Committee. His departure will be effective as of December 31, 2017.

“On behalf of the Executive Team, I want to thank Derek for the vision, creativity, dedication, and judgment he brought to the company and wish him all the best in the future,” said Steve Mollenkopf, CEO of Qualcomm Incorporated.

“Under his talented leadership, the QTL division has significantly grown in both revenues and profits, established its 4G licensing program and enabled significant competition across the industry,” Mollenkopf added. “I believe the company is well positioned to build on Derek’s record of success and continue to deliver solid results in the future.”

Aberle commented, “Over the past 30 years Qualcomm has invented the core technologies that have enabled the mobile revolution and made all modern smartphones possible, I am very proud to have been a part of that tradition of innovation, and of all that we've been able to accomplish during my tenure.”

As part of its transition plan, Qualcomm announced that executive vice president and QTL president Alex Rogers, who has run QTL since March 2016, and is a member of Qualcomm’s Executive Committee, will report directly to Qualcomm CEO Steve Mollenkopf.

Rogers joined Qualcomm in 2001 and has since held various leadership positions at the company. During his tenure leading QTL, Rogers has helped conclude key licensing agreements in China, been involved in numerous IP and regulatory matters and launched new teams within QTL focused on technology, product strategy, compliance and relationship management.

Qualcomm CEO, Steve Mollenkopf has claimed that 5G will represent a revenue opportunity of around $12 trillion by 2035. Mollenkopf made the statement when he was delivering his keynote address at Mobile World Congress Shanghai. However, the CEO of the global chip giant did express his belief that we have to utilize 4G technology. He said it was imperative we made the most of 4G and focused particularly on new gigabit LTE networks.