MediaTek boosts Q3 sales projection
by David Masters
September 5, 2008
Taiwan-based chip designer, MediaTek, today raised its estimate for third quarter sales growth to 22-25% because of high demand for handsets in emerging markets.
This is a significant jump from the previous estimated sales growth of 8-10%, with profit flatlining.
A statement released by the company said ‘better-than-expected’ mobile phone sales in emerging markets during July and August had caused its clients to increase September orders for cellphone chips.
Demand for mobile phones in China has been particularly strong, with 45% of the Chinese population now owning a mobile handset.
MediaTek is Taiwan’s biggest chip designer.
The company designs microchips for mobile handsets, DVD players, and digital televisions, then contracts out the manufacture of the chips to chip makers.
Related stories to: MediaTek boosts Q3 sales projection
Add to Bookmarks:
Latest News:
- Broadband users unhappy with price
- Wi-Fi town reports widespread health problems
- Vodafone starts cost-cutting action
- O2 breaks New Year texting record
- Global recession hits China’s handset industry
- HTC ousted from Sony Ericsson Xperia partnership
- Free Asus Eee with T-Mobile
- Chinese government issues 3G licenses
- BT awarded Wooden Spoon for worst customer service
- 2008: The Year of the Netbook
Previous: « HomePNA Biggest Home Network Provider in North America
Next: Acer predicts 2m netbook sales for Q3 »
Visited 526 times, 2 so far today
