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.

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.

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.

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Samsung, over the last one year, has seen record profits in its quarterly financial reports starting from the second half of 2017. The record earnings have not been driven by smartphone sales as one would ordinarily assume but were mostly due to a high demand for memory chips. Samsung is one of the major suppliers of DRAM chips globally.

According to a recent report obtained by Reuters, the leading global phone manufacturer is expected to post over 50% YoY rise in profits when the financial results for the first quarter of the year spanning January-March 2018 are eventually released. Samsung has now confirmed this in its guidance number announced today. The South Korean company is expected to rake in KRW60 trillion in consolidated sales (about $56.1 billion) and KRW15.6 trillion in operating profit (around $14.6 billion). It should be noted that this is an all-time high. When compared to the company’s earnings for Q1 2017 pegged at KRW 9.9 trillion, the figure is 57% higher.

The record profits are attributed to the new Galaxy S9 and S9+ flagships as well as the new Galaxy A8 (2018) smartphones. More significantly, the thriving DRAM chip market and its OLED panel sales were also instrumental to its success. According to previous reports, Samsung has 70 cents in operating profit of every $1 DRAM chips sold.

Read More: Samsung Explains Super Slo-Mo Feature On The Galaxy S9

Samsung usually posts the detailed results for each quarter in the last Friday of the month following the quarter. So, we will have to wait for three more weeks to get the full breakdown of the company’s Q1 earnings.

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