Qualcomm gets a major boost as it signs new patent license with OPPO & Vivo
Qualcomm has signed up with a handful of smartphone manufacturers across the globe. But the company had a bit of trouble getting some Chinese makers on board. But it looks like now the air is clear. Yes, the company manages to stay in the news as it has agreed for patent licensing deals with two of the world’s fastest-growing smartphone manufacturers Oppo and Vivo.
It is reported that Qualcomm was hit with a nearly $1 billion penalty for antitrust violations. So since then the company is said to have gone on a spree to link all deals. So on the same today, Vivo was added to the list, and this happened after they announced a similar kind of agreement with Oppo. These are indeed some significantly big deals.
Oppo and Vivo together make up to 30 percent of the Chinese smartphone market. It is indeed true that these two companies are growing rapidly. In Q2, OPPO was the fourth largest global supplier of handsets shipping 22.6 million units for a 6.6% share compared to 2.8% in Q2 2015. And Vivo was the fifth largest global supplier shipping 16.4 million smartphones in Q2. They had a market share of 4.8 percent, which increased from 2.7 percent in Q2 2015. Also, Vivo and Qualcomm have closely collaborated and worked on some of the smartphones like the X7 and the X7 Plus, etc.
It is also reported that Qualcomm filed a patent infringement claim against Meizu, which is another fast-growing Chinese phone company. With that being said, these two new additions to the table is worth to be noted. Both Vivo and Oppo sell budget friendly smartphones. Considering the fact that Qualcomm’s 50 percent of revenue comes from China, this is going to be an interesting way forward for the company. Stay tuned for more info on this.