Chip <span style='color:red'>Sales Grow</span>th Slows
Release time:2018-09-07 00:00 reading:1168 Continue reading>>
ST Sees <span style='color:red'>Sales Grow</span>th Despite Weak Smartphone Demand
Results coming in from several of the chip companies this week have shown a seasonal decline in demand from smartphones impacting revenue growth. STMicroelectronics announced strong first quarter results despite slowdown in sales for smartphones, while Austrian chipmaker ams expects a significant short-term impact from changes in its customers’ smartphone programs.STMicroelectronics’ announced net revenues of $2.23 billion in Q1 2018, up 22.2 percent year-over-year, but a sequential decrease from the previous quarter of 9.8 percent.ST President and CEO Carlo Bozotti, who is retiring May 31, said in a press statement that the company expects second quarter revenue to be up about 17.5 percent compared with the second quarter of last year, "despite the weak demand we are experiencing for smartphones in the first half of 2018."Bozotti said ST's projections for second quarter growth come from strong sales in automotive, industrial and IoT chips.First quarter sales declined sequentially due to a 25 percent decline in sales for ST's analog, MEMS and sensor group. The company said these was due to unfavorable seasonal dynamics for smartphone applications, negatively impacting the its imaging business.Meanwhile, Austrian chip maker ams, which provides high performance sensor solutions, warmed that it expects negative adjusted operating margins for its second quarter based on "a significant under-utilization of capacity."According to ams, the capacity underutilization is being driven by " product transitions and product changes in a major consumer program preventing a pre-production of parts." While ams did not specify the customer, most analysts pointed to Apple, which uses ams optical sensors for its facial recognition technology."At the same time, preparations for expected major ramp-ups in the second half 2018 are on track," ams added.The company reported first quarter sales of $452.7 million, up 147 percent from the year-ago quarter but down 22 percent from the previous quarter. The company said its consumer and communications business started the year on a positive but more balanced note as the market success of its solutions was moderated by noticeable customer volume effects in the smartphone market.
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Release time:2018-04-27 00:00 reading:1069 Continue reading>>
 <span style='color:red'>Sales Grow</span> as Apple Preps iPhone 8
  As it prepares to mark the 10th anniversary of the first iPhone launch, Apple Inc. reported its third consecutive quarter of accelerating annual sales growth, punctuated by an all-time high in services revenue and year-over-year growth across all product lines.  Apple is preparing to mark the 10th anniversary of the iPhone with the launch of the iPhone 8 likely later this quarter.  The company on Tuesday (Aug. 1) reported sales for the most recent totalling $45.4 billion, down 28 percent compared with the previous quarter and up 15 percent compared with the year-ago quarter. Apple reported a net income of $8.7 billion, up 9 percent compared with the year-ago quarter.  Apple's services revenue in its fiscal third quarter grew to $7.27 billion, higher than sales of all Apple products other than iPhone. Sales — led by sales of apps, music and web services — were up 3 percent from the previous quarter and up 22 percent compared to the third quarter of fiscal 2016.  "We continue to see great performance [from services] all around the world, with double digit growth in each of our geographic segments," said Tim Cook, Apple's CEO, speaking in a conference call to discuss the quarterly results. "Over the past 12 months, our services business has become the size of a Fortune 100 company — a milestone that we've reached even sooner than we expected."  Luca Maestri, Apple's chief financial officer, said Apple's App Store "was a major driver of this performance, and according to App Annie's latest report it continues to be by a wide margin the prefered destination for customer purchases, generating nearly twice the revenue of Google Play."  During the analyst call, Cook sidestepped a question about Apple's plans to build manufacturing facilities in the U.S. — specifically U.S. President Donald Trump's recent statement that Apple plans to build three "big" and "beautiful" plants in the U.S. Trump made the statement in an interview with the Wall Street Journal last week.  "We've created 2 million jobs in the U.S. and we are incredibly proud of that," Cook said. He added that Apple does believe it has a responsibility to create jobs in the U.S. "because Apple could only have been created here."  He added that Apple creates coding curriculums used in K-12 schools in the U.S. and said about two-thirds of Apple's employees are based in the U.S. even though the company generates only about one-third of its revenue in the country. He added cryptically that Apple will "have some more things that we'll say about that" later this year.
Release time:2017-08-02 00:00 reading:1059 Continue reading>>

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