MediaTek Releases Q1 2018 Financial Report Showing Promising Improvement MoM

by Jed John 0

Taiwanese fabless chipmaker MediaTek has released its unaudited financial report for the first quarter of 2018 showing the company’s sales revenue for January, February and March. The chipmaker continues to struggle to regain its profitability as a result of a decline in sales especially since losing out completely in the flagship chip segment to rival chipmaker – Qualcomm.MediaTek

The financial statement shows that the company recorded a cumulative income of NTD 49,654 million (~$1.7 million USD) for the three months. This is 11.46% lower than the NTD56,083 million which the company posted in Q1 2017. However, the company can take out some positives from the improved sales Month on Month recorded in March, compared to January and February 2018. In January 2018, the company recorded a total of NTD 16,835 million in revenue which is an 8.07% drop Year on Year. Revenue recorded in February declined drastically to NTD 12,708 million representing a 25.03% slump YoY. However, the company’s fortunes rebounded in March with a revenue of NTD 20,110 million which is still 3.40% lower than the company’s March 2017 revenue. But the revenue in March represented a 58.24% Month on Month (MoM) increase in sales over February 2018.MediaTek Q1 2018 earnings

Read Also: Report: Helio P60 Chipset Will Steer MediaTek’s Q2 2018 Sales

MediaTek’s revenue is expected to continue improving this month, especially since its latest Helio P60 midrange chip is getting featured on more and more smartphones. Analysts believe the Helio P60 and perhaps the P70 will play key roles in boosting the company’s revenue in the second quarter.