Qualcomm's Toq Smartwatch

Qualcomm's Toq Smartwatch rolled out last week and immediately sold out.  The smartwatch device is compatible with Android versions Android 4.0.3 and higher. A market forecast of 5 billion sales of smartphones are expected from Qualcomm between 2012 and 2016. Qualcomm's Toq Smartwatch retails for $349.99.  Qualcomm’s wireless technologies and patents power make the company poised to be a market leader.

The device features the long awaited Mirasol display technology and provides a digital 6th sense of what Android users should be informed of. The Qualcomm Toq Headsets are integrated for easy listening. The smartwatch also controls which tracks play from the Android smartphone while at the same time can also be listened to via the optional headsets. Truly Wireless is another feature where no wire is required.  The Wireless Charging Drop N’ Charge charges the smartphone wirelessly by placing the smartwatch on the charging base. Only One Charger The optional headsets use the same wireless charger, eliminating the need for multiple chargers and wires.

Qualcomm's Toq Smartwatch

The company is one of the best in growth at a reasonable price. Opportunities in industry and it's 4G efforts will be even more appealing to investors long term. " In general, the markets growing like crazy, " Qualcomm President Steve Mollenkof stated to CNET. The demand is strong for both high and low end phones. In the U.S., companies are increasingly including 4G LTE in their products and emerging markets benefiting from transition to 3G to 2G.

Qualzomm's3G and LTE multimode chip shipments jumped 90 percent from the September last quarter to the December period. Qualcomm is bullish on global demand for 3G and 4G devices with reported solid results last quarter and management providing a strong outlook for 2013 based on the rapid transition from 2G to 3G in China and India. Qualcomm presently has 50 percent market share in smartphone application processor and 86 percent market share in LTE cellphone modems markets

Qualcomm is a global leader in supplies of chips for cellphones. The 2013 outlook looks very promising with profits posted at 36 percent YOY rise and revenues at 29 percent upsurge, completing nearly $2 billion revenue last fourth quarter. Qualcomm sustains global demand for its integrated circuit products. Zacks Investment Research reports QCOM's forecasted earnings growth in 2013 as 21.97 percent, compared to an industry average of 15.5 percent. Adjusted earnings of $1.10 a share were based on revenue of $5.88 billion. The company is capitalizing on the rise of smartphones and 4G. The company expects annual earnings to be $24 billion.

The new Toq Smartwatch is available from toq.qualcomm.com.