Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > ARM pushes past estimates with $103m profit

ARM pushes past estimates with $103m profit
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jul 25, 2012, 05:52 AM
 
ARM Holdings defied the flat technology sector by pushing past analysts estimates in returning a 23 percent pre-tax profit of $103 million for the second quartert. According to Reuters, ARM out grew the industry as demand for mobile chips based on the Cambridge company's designs continues to increase. Despite forecast warnings issued by Intel and ARM partner Qualcomm in recent weeks, ARM maintains that it is on track to meet its forecast for the full fiscal year.

Although ARM designs chips, it does not manufacture its own designs. Instead, companies like Apple, Samsung, TI, and Qualcomm all pay ARM license fees for developing chips based on its designs. For each chip each company sells, ARM is paid an ongoing royalty although it collects these in arrears - its second quarter results actually reflect its first quarter licensing returns on sales of around 2 billion devices shipping with ARM-based chips. Looking ahead, ARM expects to earn between $875 and $877 million over the course of the fiscal year. Any downswing would reflect weaker than anticipated consumer demand ahead of the looming holiday season.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 03:24 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2