Back in late July, the Qualcomm Corporation - employer of over 30,000 individuals at the time - began the process of telling about 15% of those people (eg, over 4,000 gainfully-employed human beings) they were no longer needed. This was after already cutting another 1500 jobs in late 2014.
The company's stock is currently trading near 2-year lows, and while obviously still a very robust company, Qualcomm can't keep putting in these kinds of numbers if it's going to maintain its position at the tippy-top of the smartphone chipset market.
Qualcomm (QCOM - NASDAQ) stock is down over 10% year-to-date. It is down over 20% from its peak, reached in early 2014. Read More
Xiaomi doesn't have much of a presence in the US, but it's one of the most prominent smartphone makers in Asia. After plenty of rumors, the company has finally announced the Redmi 2, an affordable smartphone with LTE and a 64-bit Qualcomm chip.
HTC's Desire family is the brand that just won't stop, having survived not one but two company-wide product refreshes. And strangely, it looks like it will also host the first HTC device to come with a 64-bit processor. The Desire 510 is a low-end phone aimed at bargain hunters and pay-as-you-go wireless users, but its inclusion of Qualcomm's Snapdragon 410 system on a chip makes its otherwise lackluster specifications notable.
The 1.2Ghz quad-core 410 isn't exactly a powerhouse, but its ability to support both 32-bit and 64-bit processing should make it a popular choice for mid-range and low-end phones as Android begins to support the latter with the upcoming L release. Read More