MediaTek reported financial results for the first quarter

MediaTek reported financial results for the first quarter

Processor market is constantly changing. Today, mobile devices have to process more and more data using less energy and less heat dissipation than ever before. There are many companies producing chipsets for mobile devices and one of the most famous is the MediaTek company, which published the report for the first quarter of 2016.

MediaTek reported financial results for the first quarter

According to the data, the gross margin decreased to 38.1% from 47.1%. Consolidated revenue fell by more than 9% and amounted to $ 1.75 billion. The cause of the fall of profitability became intense competition competition among chip manufacturers in the mobile space.

However, as the company MediaTek competes with other providers, they expected the fall in gross margin and reported that the expected decrease in revenue in the range of 37% to 40% compared to the first quarter of 2015. In addition, the overall income of the company grew: more than 17% compared to the same period last year.

Now MediaTek are working to diversify its range of chipsets. As soon present a manufacturer Helio X30, as well as investing in the IoT sector, which is expected to be a massive push for profits worldwide.

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