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Investor: Business Model

Business Model
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The Past
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Before Qualcomm, consumers were offered few choices when it came to mobile phones. Only the largest mobile phone manufacturers could afford to invest in technology development. Smaller companies with the newest ideas simply did not have the big research and development budgets needed to realize their visions.

Then Qualcomm introduced its business model.

The goal was simple: provide all wireless companies with the R&D to bring their innovations to market.

The Process
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Through our own R&D accomplishments and through strategic partnerships with other forward-thinking companies, Qualcomm develops the breakthrough technology wireless companies need to power their business. We then openly license these innovations across the wireless industry, providing all companies-big or small-an equal opportunity to shape the future of wireless.

The Effect
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The results have been dramatic. Today, consumers have far more wireless choices than ever before…and the number just keeps on growing.

Furthermore, with each new wireless technology, with each revolutionary feature brought to market, come new customers and the additional revenue they bring. A portion of this revenue reaches us, enabling us to create another round of innovations. When we make these next-generation developments available to wireless companies, the cycle begins again.

The Future
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With this model as its engine, the pace of wireless innovation has been remarkable-so much so, that wireless is one of the fastest growing industries in the world today. And there are few industries that have made greater technological leaps over the past twenty years. So it's safe to say that, as long as there's Qualcomm, there will be innovation in wireless. Because innovation is more than something we do, it's who we are.