MediaTek has released its financial report for the second quarter of this year, i.e. Q2 2019, reporting respectable growth quarter-on-quarter basis and a minor growth when compared year-on-year basis.
The company reported that it grew 16.8 percent in Q2 2019 compared to the previous quarter and 1.8 percent when compared year-on-year. It’s consolidated growth margin also grew by 3.7 percent YoY.
It also reported that the company’s net income grew 90.4 percent compared to the last quarter but on the year-on-year basis, it fell by 12.6 percent. Operating income growth reported by the company stands at 93.9 percent on QoQ basis and 50.1 percent when compared year-on-year.
Taiwan-based MediaTek reported consolidated revenue of T$61,567 million and its net profit after tax reached NT$6.503 billion. EPS diluted earnings per share also reached T$4.11, up from T$2.17 in the previous quarter.
The company says that quarter-over-quarter increase was mainly due to increased seasonal demand for consumer electronics. The year-over-year increase was mainly attributed to higher sales from consumer electronics, such as IoT, ASIC, and PMIC.
The performance of MediaTek has been steady since 2016 because of the intense competition in the smartphone market and its revenue has been barely growing for over three years but the company’s earnings and margins have been falling.
However, the company has changed its strategy and is now focusing on the mid-range segment chipsets instead of pursuing the lucrative high-end market. MediaTek is now optimizing its product portfolio to reduce costs. This is the reason that its processors are still at 12nm while its competitors have moved to the 7nm process node.
The company recently launched its latest mobile chipset — MediaTek Helio G90 and G90T, aiming at gaming-focused devices. The Helio G90 series is built on the 12nm FinFET node and are octa-core processors with a combination of Cortex-A76 and Cortex-A55 cores, having a clock speed of up to 2.05GHz and a large L3 cache. There is also an Arm Mali-G76 3EEMC4 GPU clocked at up to 800MHz with support for a maximum display resolution of 2520 x 1080. It comes with support for up to 10GB of LPDDR4x RAM and UFS 2.1 storage.
(Source)
