Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that BREW publishers and developers have earned more than $350 million to date from the sale of wireless applications and services developed for the BREW solution. Today's milestone is a tremendous achievement for the international community of BREW publishers and developers when compared to the more than $200 million in earnings announced in October 2004. These numbers are strong validation of the success that the solution enables and a key indicator of the popularity of wireless data worldwide. Currently, there are 45 commercial operators in 24 countries offering wireless data services based on the BREW solution.
“BREW has been an extremely effective distribution mechanism with all the components necessary to make mobile entertainment successful,” said James Eberhard, CEO of 9 Squared. “BREW has brought definition to the mobile ecosystem and allowed each player to focus on their core strengths. BREW has allowed 9 Squared to develop and globally distribute rich mobile content that is translating to significant dollars a month in sales from our applications.”
“AGI is generating tremendous revenue each month from our BREW-based applications - enabling Def Jam Mobile, Univision Movil, Blue Mountain Mobile and MIDIringtones to rapidly expand on a global basis,” said Bryan Biniak, senior vice president and general manager of Mobile, AG Interactive.
“Qualcomm's BREW platform has enabled us to build a powerful mobile media application that enables easy previewing and purchasing of our extensive array of TrueTones, Artist Voice Tones, Wallpapers and more,” said Tim Nilson, vice president, Global Mobile Technology, SONY BMG MUSIC ENTERTAINMENT. “We are thrilled that SONY BMG MUSIC ENTERTAINMENT's Music Box has become one of the largest revenue generating BREW applications in the world and the largest in North America.”
“Sorrent's BREW revenue was up 170 percent in the first quarter of 2005 over the same period in 2004,” said Rocky Pimentel, chief financial officer, Sorrent, Inc. “Sorrent's growth and success with BREW demonstrates the platform's strength in enabling developers and publishers to quickly and cost-effectively develop and deploy quality products to multiple handsets around the world.”
“The widespread success of BREW publishers and developers demonstrates the BREW solution's superb ability to support companies of all sizes in realizing their full revenue potential,” said Peggy Johnson, president of Qualcomm Internet Services. “By providing the tools and resources necessary for the development and delivery of wireless content, publishers and developers can concentrate on what they do best - creating compelling, fun and useful applications, which translates directly into revenue gains for the mobile marketplace value chain.”
Earnings figures were calculated based on payments made by Qualcomm to developers and on reports from certain BREW operators on what they had paid to their publishers and developers. 9 Squared, AG Interactive, SONY BMG MUSIC ENTERTAINMENT and Sorrent will be showcasing their portfolio of wireless offerings during the BREW 2005 Conference, taking place June 1-3 in San Diego. For more information on the BREW 2005 Conference, please visit www.brew2005.com.
Qualcomm's BREW solution is designed to meet the distinct and varied needs of wireless operators, handset manufacturers, publishers, developers and end users around the world. BREW products and services include: an open, extensible client platform that supports robust system and application software including personalized and branded user interfaces for mass market devices; a J2EE™-based, modular delivery system that enables the distribution of content, applications and user interfaces to wireless devices across all air interfaces; a dedicated professional services team that supports the integration of customized implementations; and the wireless industry's first global marketplace to support the monetization of applications and services developed in all programming languages. The BREW solution can make the wireless visions of innovative companies a reality.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the extent and speed to which the BREW solution is adopted and deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 2004, and most recent Form 10-Q.