ARM reported impressive second quarter sales, beating Wall Street estimates yet again. Revenue was up 26 percent to £171.2 million. Analysts were expecting £165.1 million, according to Bloomberg. ARM shares rose 3.6 percent on the back of good results and they are up 17 percent this year.
Demand for smartphones and tablets is not letting up and the plucky British outfit is making the most of it. ARM’s next frontier are wearable devices, internet of things and smart television sets. The company also managed to increase its market share in embedded products, such as cars and consumer white goods.
As Intel and AMD gear up to give tablets and smartphones another go, ARM should start to face a lot more competition over the next couple of years. However, it is a game of catch up – if Intel becomes competitive in tablets and smartphones, ARM will simple fall back on TVs, cars, thermostats and just about anything else that comes to mind.
