The future cannot be predicted, but futures can be invented.
— Dennis Gabor, Nobel Prize-winning physicist and engineer
In just a few short decades, the mobile revolution has had a profound impact. For people in every part of the world, it’s become hard to imagine life without our devices.
Today there are more than seven billion mobile connections, thanks to the industry we helped define and create. In every part of the world, people have incorporated mobile into their everyday lives, and the level of growth is unprecedented. Just last year, the world spent $1.2 trillion on mobile technology. And the public appetite for what’s next and what’s new is insatiable. Half of mobile users would give up vacations before their phones—and a third would give up a chunk of their salary.
At Qualcomm, we invent transformative technologies at unprecedented speed and scale, and we measure the success of a technology by its impact. How much everyday value can it provide? For how many people? What real problem does it solve?
That’s why Qualcomm has spent a collective total of more than $35.5 billion on technology research and development. Relative to our peers, we are the industry leader in terms of the percent of revenue we allocate to R&D. As a result, we have a leading intellectual property portfolio related to wireless technology—and we make those inventions available to the industry we serve, providing other inventors with a toolkit for solving the challenges that matter to them.
In many respects, Qualcomm is the industry’s R&D department. We create technologies and products that enable others across the mobile industry to move quickly, accelerating the pace of innovation and inspiring new types of mobile possibilities. The resulting solutions, devices, and apps are all around us. That is our measure of success.
And it’s part of our heritage. In 1985, our founders weren’t hunting for the next big thing. They were looking at the state of technology and communications around them, and asking what it would take to make it better. That desire to accelerate progress enabled Qualcomm to take on big challenges such as commercializing CDMA, building Internet connectivity into phones, pioneering the smartphone concept, inventing modem breakthroughs and Qualcomm Snapdragon processors—and more.*
These achievements have driven major shifts in the tech industry and for society at large. And today, we continue to be driven by that same principle, that desire to take on the big challenges. Today, we’re working on many fronts to find new ways of intelligently connecting the next billion devices. We’re bringing the Internet closer to users and making the Internet of Everything a reality. And we’re engineering technologies and tools that will redefine the mobile experience.
Mobile is unlike any technology that has come before it. It’s personal. For the first time in history, people have access to every part of their lives—from work, to entertainment, to friends and family—at every turn. And that access, all that intelligent connectivity and computing capability that is now available to all of us, offers incredible opportunity that we couldn’t have imagined even a few years ago.
And the heart of this opportunity is asking how we can help people achieve more, now. What will extend and enhance our capabilities? Allow us to do more with our time? Communicate with each other in more meaningful ways?
These are industry-size questions, to which we say: Why Wait.