Qualcomm reported a 31% increase in fiscal third-quarter profits and said the average price on handsets and chips rose, despite fears that consumers are putting off upgrading their smartphones. "We are continuing to see demand for technology and strength in ASPs," CEO Steve Mollenkopf said in an interview. Analysts said the results show that smartphone sales have shown more resilience than expected. Qualcomm also increased the low end of its previous 2013 revenue estimates. Analysts note that Qualcomm has been faster to market than rivals with 4G Long-Term Evolution chips.