As the year nears its closure, QUALCOMM, Inc. (NASDAQ:QCOM) can sit back and take stock of its accomplishments. The company started off with the launch of two Snapdragon 8xx processors. This was considered more of a bold approach in comparison to its predecessor given that it was the first time the company was implementing Kryo cores. Almost immediately afterward the company announced the Snapdragon 835. This apparently was not enough for Qualcomm because it has now established a partnership with Alphabet Inc (NASDAQ:GOOGL) Google on the Internet of Things.
It is no secret that the world is revolving around interconnected technology which is pushing manufacturers from an individualistic approach of of standalone gadgets to an era of interconnectivity.
The partnership seeks to help IoT application developers
The two tech firms have been collaborating on the creation of exciting new opportunities for developers in mobile, wearables and the IoT. An excited Jeffery Torrance, vice president, business development, Qualcomm Technologies says, “We are pleased to announce our intent to work with Google on this new initiative to expand the Android ecosystem. We anticipate many new and exciting IoT products will result as developers are able to bring the power of the Snapdragon processor together with Android Things.”
Apart from this, there is also the optimism that the move will entice more developers to the platform, which is likely to open more avenues, particularly for the Smartphone. They will also interact with familiar connectivity environments the likes of Wi-Fi and support for a wide array of Bluetooth sensors. Nonetheless, there is something for everyone given that the US chip maker is loaded with experience.
Android seems to be getting bigger and better as time passes
There is an anticipation of many other exciting IoT products according to Torrance, once developers are able to bring out the power of the Snapdragon processor. The collaboration should be able to influence a lot of fresh faces for Android Things and the Internet of Things. Apparently, Apple and Samsung are already making significant headway. In the meantime, Google retains the lion’s share of the Smartphone market. Meanwhile, Qualcomm’s stock closed at $66.91, a decline of $0.11 or 0.16%.