Seeking Alpha

Taiwanese mobile chip giant MediaTek reports Q2 revenue of NT$33.28B ($1.1B), +42% Y/Y and...

Taiwanese mobile chip giant MediaTek reports Q2 revenue of NT$33.28B ($1.1B), +42% Y/Y and soundly beating guidance of NT$30B-$31.6B; shares rose 4.7% in Taipei in response. The numbers are another sign of surging demand for low-end/mid-range smartphones in China and other emerging markets, and could have implications for Qualcomm (QCOM -0.3%) and Spreadtrum (SPRD -1%), which MediaTek has been fiercely competing with for Chinese OEM design wins. They arrive as Samsung warns its Q2 op. profit will miss expectations following weaker-than-expected Galaxy S4 sales; a demand shift towards cheaper hardware is a likely culprit.
From other sites
Comments (2)
  • minwyhe
    , contributor
    Comments (103) | Send Message
     
    What good is getting anything involving MediaTec which is virtually unavailable to the small investor.
    5 Jul 2013, 01:33 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (857) | Send Message
     
    Like the post says, MediaTek's numbers are arguably relevant to QCOM and SPRD.
    5 Jul 2013, 01:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector