QUALCOMM, Inc. (QCOM): Why This Stock Is Happiness Personified

It’s a slightly different story, though, with Broadcom, the leader the field of Wi Fi/Bluetooth ‘combo’ chips. Broadcom’s newly launched BCM21892 LTE baseband chip is a true Qualcomm product competitor, and supports a range of cellular standards, notable among which are TDD LTE and TD-SCDMA.

This is because the latter is a kind of lesser-known wireless technology used by China Mobile, a Chinese wireless carrier that boasts 700 million-plus subscribers, making it the nation’s (as well as the world’s) largest. The failure to adapt to TD-SCDMA standards is also one of the prime reasons why the world’s premium smartphone company, Apple, has been unable to market its iPhones through China Mobile. Apple has been a longtime Qualcomm customer, a position Broadcom may be targeting.

But again, Qualcomm’s already given its answer in the form of the RF360 chipset. Supporting as many as seven wireless technology modes, including TD-SCDMA, this Qualcomm offering should help Apple overcome its problems with China Mobile. After that, given a choice between the two, there’s no reason why Apple will not stick with a tried and tested supplier like Qualcomm.

Why you can afford to relax

As I said, this company’s got tons of reasons to feel confident. With Qualcomm always remaining a step ahead in the technology race, coupled with its very welcome trend of returning value to shareholders, this is one stock which will not let you down, not anywhere in the near term.

The article Why This Stock Is Happiness Personified originally appeared on Fool.com and is written by Subhadeep Ghose.

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