Published in News

Mediatek had bad quarter

by on10 February 2015

Fings ain't what they used to be

MediaTek is predicting that its revenues will decline by 10-18 per cent in the first quarter of 2015.

Estimates are about $1.44 billion which is not to be sneezed at but is still not that good.

Part of the problem is the Smartphone vendors' transition from old to new products, seasonal factors as well as fewer working days due to the Lunar New Year holidays.

Company president Hsieh Ching-chiang. Gross margin will be 46-48 per cent in the first quarter.

MediaTek's shipments for smartphones are set to top 450 million units in 2015, up about 29 per cent from the 350 million units shipped in 2014. Shipments for 4G LTE devices will reach 150 million units in 2015.

Apparently, the company is planning to expand in China's LTE chip market in 2015. Strong shipments for LTE chips will contribute to the company's revenue growth during the year.

MediaTek expects to post a double-digit revenue increase in 2015, according to Hsieh.

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