With its entry into the 5G smartphone processor market, MediaTek has seen a surge in its revenue and overall market share. Now, the company recently announced that it brought in 1.32 billion US Dollars in revenue in April 2021 alone, marking a year on year growth of more than 70 percent.
According to an official announcement, the chipmaker announced that it recorded consolidated net sales of 36,572 million New Taiwan Dollar in the month of April. This roughly translates to about 1.32 billion US Dollars in revenue. Back in the same month last year, the company saw a revenue of 20,546 New Taiwan Dollar (roughly 735 million US Dollars), thus marking a growth of 78 percent year on year and 16,026 billion New Taiwan Dollar (roughly 573 million US Dollars).
Furthermore, the company also shared the consolidated net sales for the first three months along with April as well. Through this, we can observe that the company saw a year on year revenue growth of 77.63 percent, with the chip maker recording sales worth 144,605 New Taiwan Dollar (roughly 5.18 billion US Dollars) this year compared to 81,409 New Taiwan Dollar (roughly 2.91 billion US Dollars) earnings during the same period last year.
While MediaTek saw a strong growth year on year, it also saw a slight decline sequentially. Just a month prior, the company generated 40,147 million New Taiwan US Dollar (roughly 1.43 billion US Dollars) in revenue. This marks a slight decline of 8.91 percent month on month. Although, in an annual comparison, the company has still seen great growth.
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