But my question is on a like-for-like basis, does 5G give you better margins? You mentioned that most of the design wins you're seeing kind of both the modem and the RF front-end go together. First, I think, it's been very clear that our early investments in millimeter wave have provided Qualcomm with a significant technology advantage in having the technology to maturity and we're optimistic about millimeter wave going from the United States initial launches into Korea and Japan and other markets, including being license already in Europe where Telecom Italia was the first one happening throughout 2020, that's a very good thing for Qualcomm.In China, all three mobile operators commercially launched 5G services last week bringing 5G to the largest smartphone subscriber base in the world. So when we get back to that kind of revenue run rate, do you expect the margins to be higher than the 20%, 21%?So those are positive things as we think 5G transition for QualcommYeah, hi guys, thanks for the question.
Further, the semiconductor manufacturer guided first-quarter revenue and earnings within the consensus estimates. First, our early investments in 5G played a key role in accelerating 5G deployments and we have secured over 230 chipset design wins. There has been a lot of talk about the chipset ASP boost, but I'm just curious, I mean do you see any benefit on the QTL side, I know, I think most of the 4G premium phones are probably already hitting your cap, but as we transition to 5G, what sort of benefit, if any, do you see on the QTL side?Yeah, good afternoon, and thank you for taking the question. Analysts expected Qualcomm earnings of 71 cents a share on sales of $4.72 billion, according to Zacks Investment Research.
Over the last several years, we have invested to establish Qualcomm as a leader in 5G. I think we have modem to antenna designs including RF front-end in all of the Snapdragon.
So it will just fall out of the agreement that we end up having with Huawei.Thank you. So we're now going into design number two and design number three that maintain the 5G caught on the RF front-end and we're very happy with that development.Hi guys, congrats on the strong results and 5G color. Number one, continue executing on 5G with our partners around the world. And then on top of that, as Cristiano mentioned, as DSS happens, dynamic spectrum sharing and bands get refarmed to 5G, we'll be able to participate and further expand our revenue opportunity.
Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal fourth quarter and year ended September 29, 2019. With 5G coming in, that is going to expand, and that's going to create an opportunity for us to significantly improve our share in the market. Thank you.So I think that may be a fair way to look at it, but I think what -- the way you should look at it for guidance is we're guiding revenue. We are expecting from first to second quarter revenue will go up mid-teens and operating margins will also be in the mid-teens range in the second quarter.