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Qualcomm confirms it lost a major customer for the Snapdragon 810 chip and is forced to cut earnings outlook

Written by Andre Yoskowitz (Google+) @ 28 Jan 2015 21:12

Qualcomm confirms it lost a major customer for the Snapdragon 810 chip and is forced to cut earnings outlook Qualcomm confirmed today that they lost a major customer for their flagship Snapdragon 810 chip, causing the company to revise its earnings outlook down.
Without actually saying it, the company seems to have suggested that Samsung was the major customer that moved away from the 810, which is in line with reports we have been hearing over the past week that Samsung was having overheating issues when using the chip in its upcoming Galaxy S6.

The Snapdragon 810 is still slated to be featured in about 60 devices this year, and that the chip does not have heating issues. Qualcomm CEO Steve Mollenkopf said the problems were limited to one customer and that "we just wish it had won one more design."

Unlike nearly all Qualcomm processors, the 810 used a licensed core rather than a Qualcomm customized one, in an attempt to get a 64-bit processor mass-produced quicker. The CEO promised the next premium chip will be 64-bit and use a Qualcomm-customized core.

Citing the Samsung fiasco, the company reduced their yearly outlook for profits and revenue, causing the stock to drop 8 percent, to yearly lows.

Source:
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