MediaTek Inc., currently Taiwan’s No.1 vendor of cellphone chips by revenue, maintains its revenue goal for the fourth quarter and is projected to see revenue for next quarter rise 20% from this quarter mostly thanks to its rollout of a quad-core processor codenamed MT6589.
Although the company’s consolidated revenue of NT$8.6 billion (US$298 million at US$1:NT$29) for November represented a 17.57% decrease from a month earlier, which is in line with expectations, the company still maintains the goal of NT$28.9-30.9 billion (US$996 million-US$1.06 billion) for the current quarter.
To attain the goal, the company needs to generate 12.64-35.75% more revenue in December than November.
For 2012, the company’s revenue projection is NT$101.4-103.4 billion (US$3.49-3.56 billion), increasing 16.80-19.18% year on year.
Industry executives estimated the company’s consolidated revenue for the first quarter of 2013 to rise around 20% from this quarter citing the company’s recent debut of the quad-core processor for popularly-priced smartphones of mainland China, where MediaTek is already the No.1 supplier of mobile phone chips.
MediaTek executives estimated quad-core smartphones to account for around 30% of the total shipments of smartphones in the mainland next year, which is projected by IDC at 380 million systems, an increase of 5% year on year.
They pointed out that multi-core smartphones are now the favorite choice of the mainland’s consumers. This quarter alone, the company’s shipments of duo-core and single-core chips are estimated to account for 70% of its total shipments of 3G smartphone chips.
After quad-core chips, the company plans to chips for 4G phones sometime in the second half of next year in a bid to further boost its revenue.
