Qualcomm announces record Q3 F2014 earnings despite increased R&D expenses

It looks like Qualcomm's increased expenses into researching an developing better 3G CDMA and 4G LTE modems are paying off as the chip-maker has announced record earnings for the third quarter of the 2014 fiscal year. Revenues are up 9 percent year-over-year making a growth in net income of a whopping 42 percent compared to the previous year.

source: androidcentral