Apple, Intel, Qualcomm earnings reflect computing transformation
The computing business is undergoing a major transformation, with changes that can be seen in the quarterly financial results reported by Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM), writes Jordan Robertson at the Associated Press. Both companies are adapting to the disruptive forces in the market by focusing on new areas.
As PC sales slow, Intel has expanded its purview to focus more on processors built for the servers that handle growing mobile traffic generated by smartphones and tablets. The company's quarterly revenue rose 21 percent. Intel's business has been "profoundly transformed" by the weakened PC market and booming market for mobile devices, Robertson writes.
Qualcomm's revenue, in the meantime, rose 34 percent, largely because of the soaring smartphone business, the company reported. With the rapidly growing mobile device market, Qualcomm is enjoying a higher-profile role in the semiconductor sector.
The wild popularity of Apple's (NASDAQ: AAPL) iPhone and iPad have a great deal to do with the evolving computing landscape, and Apple had record-breaking quarterly earnings to prove it. With business users everywhere demanding to carry iPhones and iPads, the workplace is undergoing a massive transformation, writes Quentin Hardy in a post at Forbes.
"The message to corporations is clear. The real consumers of corporate IT--people--are shifting their behavior," Hardy writes. "While they may care what the company says, it will be increasingly hard for them to remember to toe the corporate line, when everything they want is at hand with their personal device."
Nevermind that the iOS and Android don't come with impressive security. People want to use them anyway, and IT should get used to it, Hardy advises.
For more:
- see Jordan Robertson's article at Yahoo! News
- see Quentin Hardy's post at Forbes
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