Qualcomm has expanded the distribution channels for its products and now reaches more than 9,000 customers, nearly 20 times the number of customers compared to 2014, through indirect sales channels including more than 25 global distributors.
This expansion complements direct sales activities to help a broad range of customers develop new and exciting consumer and industrial IoT solutions using Qualcomm Technologies system-on-chips (SoCs), modems and connectivity solutions.
Qualcomm Technologies has made available more than 30 production-ready reference design platforms through a network of original design manufacturers (ODMs) for products including voice-enabled home hubs and smart displays, smart speakers, connected cameras, appliances, smart watches and more – all as part of Qualcomm Technologies’ core strategy of driving its technologies into higher growth industries.
Cristiano Amon, president, Qualcomm said: “The strategy we set a few years back of taking our leading-edge technologies into growth opportunities is delivering results. We expect IoT revenues in excess of $1 billion this fiscal year after solid double-digit growth over the last couple of years, driven by our ability to reuse our investments and R&D in mobile technology to make this a very healthy business.”