The Rising Influence of Rising Affluence

[DewDiligence]

Barron’s plugs QCOM as a play on The Global Demographic Tailwind:

http://online.barrons.com/article/SB50001424053111904253404579208012886245816.html

Qualcomm offers an attractive way to play the prevalence of mobile devices, without having to pick a winner in the Samsung-Apple battle. Smartphones are still a growing market; industry research firm IDC expects 1.7 billion smart phones to be sold in 2017, up from 724 million last year. IDC forecasts global shipments of smart-connected devices (including tablets) to total almost 1.6 billion in 2013, up 28% from 1.2 billion last year.

…"Come hell or high water they are collecting 3% of the price of virtually every handset sold in the world," says Josh Spencer, manager of the T. Rowe Price Global Technology fund. Qualcomm doesn't have to do anything Herculean. It just needs to continue to boost dividends and buybacks, and to grow at double-digit rates.

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