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ARM shrugs off poor Apple sales

by on10 February 2016


Profits up

Chip-designer ARM appears to have shrugged off a slump in smartphone sales that damaged everyone, even Apple and is reporting profits up 17 per cent on last year.

 

 

The UK outfit said net profit for the three months to December 31 rose to $132.7 million. Pretax profit adjusted for exceptional items rose 17 per cent year-on-year to $201.16 million, slightly higher than what analysts predicted.

Revenue, also adjusted, in dollar terms rose 14 per cent to $407.9 million, higher than a forecast of $402.5 million.

Chief Executive Simon Segars said that:

"2015 was a strong year for the shipment of chips containing advanced ARM technology, and momentum continued through the fourth quarter."

For 2016, it expects dollar revenue to be broadly in line with market expectations. The company designs chip technology found in more than 95% of all smartphones, including Apple. It earns licensing fees from chip manufacturers such as Qualcomm and Nvidia and royalties on every chip shipped.

 

Last modified on 10 February 2016
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