Artificial intelligence technology has truly left its mark on 2023. This technology, which has suddenly appeared in every aspect of our lives and in every service we use, has benefited NVIDIA the most. As evident in the financial reports for the third quarter of 2023 released by the company, NVIDIA increased its revenues by 206% in the last three months, reaching $18.12 billion. During the same period, its profit also increased by 588%. Here are the details…

NVIDIA Profits Skyrocket, Revenue Doubles in Q3

Although NVIDIA is perceived by many as merely a graphics card manufacturer, the reality is much different. The company has a variety of products ranging from data center equipment to chips like the H100 that power artificial intelligence technologies such as ChatGPT. Moreover, thanks to the AI frenzy in 2023, these products are more popular than ever. This demand is also reflected in the company’s financial statements.

According to the reports, NVIDIA generated $18.12 billion in revenue in this quarter across its various subsidiaries operating in different fields. Approximately $14.5 billion of this amount came from hardware sales that enable the operation of artificial intelligence technologies. To put it into perspective, the $18.2 billion earned is 206% more than the previous quarter.

Now, what would be considered a profitable figure for a company to be deemed successful with a $18.2 billion revenue? NVIDIA’s answer to this question is nothing short of impressive. The company achieved a net profit of $10 billion. To scale it, in the same period last year, this amount was $1.4 billion, indicating a staggering 588% growth.

Although NVIDIA’s goal for this quarter was to reach a revenue of $20 billion, the company needs to put in a bit more effort to achieve its targets due to embargoes in countries such as China, Saudi Arabia, and the UAE.

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BYD is a Chinese multinational company that specializes in manufacturing automobiles, electronics, and rechargeable batteries. Known for its commitment to sustainable technology, BYD has gained recognition for its electric vehicles, hybrid cars, and buses, contributing to the global shift towards cleaner transportation options.

Apart from its automotive business, BYD manufactures electronic components for mobile phones and LED lighting solutions. The company has recently released its third-quarter financial report.

BYD’s Q3 2023 Financial Report

In the third quarter, BYD reported robust financial growth with impressive figures. Their revenue reached CNY 162.151 billion ($22.701 billion), a substantial increase of 38.49% from the previous year. Net profits also surged to CNY 10.413 billion ($1.458 billion), representing an 82.16% rise. These results highlight strong market support and operational efficiency, consistent with their earlier forecast of a significant net profit increase for the first three quarters of 2023.

Although this quarter’s profits didn’t surpass the CNY 10.954 billion ($1.534 billion) reported in the mid-year, it does establish a historic high for BYD. This achievement marks the first time they have exceeded the CNY 10 billion milestone within a single quarter, a feat they previously accomplished only on an annual basis in 2022.

BYD’s financial success can be primarily attributed to strong vehicle sales. In September, they introduced 287,454 new vehicles, with the majority being passenger cars at 286,903 units, reflecting a substantial 42.8% year-on-year increase.

Over the first nine months of the year, cumulative sales reached an impressive 2.07 million vehicles, demonstrating a remarkable 76.23% surge from the previous year. These figures underscore BYD’s growing prominence in the automotive sector and the effectiveness of its market capture strategy.

Additionally, BYD is expanding its brand presence through its subsidiary, Formula Leopard, by opening 70 new direct-operated stores, with 10 more planned. They aim to increase consumer touchpoints in 60+ major cities by the end of 2023, focusing on improving customer experiences and service quality.

BYD has also expanded its presence in 2023 across several countries, including Brazil, India, Indonesia, Mexico, and Thailand, with a focus on electric vehicles and batteries. They’ve formed partnerships with local companies and governments to produce electric buses and vehicles. However, there was a setback in India as their $1 billion electric vehicle factory proposal was rejected.

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A new report has revealed that Apple is apparently dominating the global smartphone revenue segment this year. The company took a massive lead over its competition, so here are all the details.

According to a Counterpoint Research report, the Cupertino based giant has managed to keep the throne and has even managed to raise its revenue share in the global smartphone market despite smartphone sales overall seeing a fall of 3 percent year on year. During this time, there was also a 12 percent decline in shipments, but there was a 10 percent hike in the average selling price (ASP).

In the total sales, 5G phones made up to 46 percent of shipments in quarter, which marks a new high. In the third quarter of this year, Apple took a dominating lead with a 42 percent global smartphone revenue share. Notably, this was up from just 37.1 percent from the same period a year prior. During the period between, July and September 2022, the brand’s iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max saw strong sales.

The iPhone 14 Plus did not begin shipping till the first week of October 2022. While Apple took the lead, South Korea’s Samsung took the second spot with an 18.3 percent revenue share. Xiaomi came in third with an 8.3 percent share, while Oppo and Vivo accounted for 6 percent and 5 percent respectively. So the iPhone 14 series is clearly performing well in the market.

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Xiaomi has grown into one of the world’s largest tech companies over the past 10 years. The company, which grows at an incredible rate yearly, has won consumers appreciation with its price-performance-oriented products. However, this situation has unfortunately turned a bit negative recently. Xiaomi posted its quarterly financial analysis, and the numbers show a significant decline in revenue for the July-September 2022 period.

Xiaomi’s Q3 financial report reveals a 10% drop in revenues

Xiaomi has announced its 2022 Q3 revenue. Total revenue for the July-September 2022 period was declared to be 70.5 billion CNY (almost $10 billion). More than 50% of this came from overseas markets. The revenue is 10% lower compared to last year. Net profit dropped even more – 59% year-on-year to CNY 2.1 billion ($294 million). However, this is not due to the company’s bad course.

That was partially due to the CNY 829 million ($116 million) investment in the newly set up EV business and other projects that should bear fruit in the future. Based on this, we can say that the company continues to take firm steps towards the future. Third-quarter reports revealed not only the company’s revenues, but also the number of users.

Xiaomi Q3 revenue reports reveal the number of of MIUI users

Xiaomi users in the MIUI universe reached 564 million, 78.1 million more than the same period last year – a 16% yearly increase. Interestingly, only 141 million of them (about 25%) are in China. The company pushed 40.5 million smartphones in Q3 2022, and while it kept its 3rd position in the world.

Shipments also were down 7.8% yearly, with an 11.1% decrease in revenue. Xiaomi quoted “global macroeconomic headwinds” as one of the reasons, although it also enhanced promotional efforts in overseas markets. Moreover, the company’s success in Europe is increasing day by day. Xiaomi reached 2nd place in the European market, 1st place in Spain, and 2nd in Italy and France.

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A new report has revealed the rankings of companies within the gaming industry in terms of revenue. Interesting enough, Apple managed to achieve the third spot in the list, beating a number of other brands that focus on gaming.

The news arrives from NewZoo, with their analysts sharing the list of top 10 public game companies that collectively generated 126 billion US Dollars in 2021. In this segment, the Cupertino based giant managed to rank third with an estimated 15.3 billion US Dollars in revenue from games throughout 2021. This marks an increase of 17.7 percent year on year.

Tencent took the throne in the ranking, with the company owning popular titles like “League of Legends” and “PUBG Mobile.” Overall, the Chinese brand bringing in 32.2 billion US Dollars in 2021, with a 9.9 percent rise over the previous year. Sony took second spot in the list with an 18.2 billion US Dollars in revenue, although it saw a 2.3 percent decline year on year. This marks an impressive milestone for Apple in gaming, since it beat other companies like Microsoft and Nintendo.

These two firms even focus on offering gaming consoles as well, so its impressive how far the iPhone maker reached with its ecosystem of mobile products. Notably, this listing will likely shift in 2022 considering major acquisitions were made earlier this year. This includes Sony’s deal to buy Destiny developer Bungie while Microsoft has made a multi billion dollar deal with Activision/Blizzard.

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MediaTek recent shared a financial report that revealed its consolidated revenue for the first two months of this year. The company has seen robust growth in recent months, rivaling Qualcomm in certain quarters, and now, its newly launched Dimensity 9000 has helped boost its revenue even further.

In February 2022 alone, the Taiwanese chipmaker recorded 40 billion Yuan (roughly 6.32 billion US Dollars) in revenue. This marked one of the company’s best February performance till date, marking a notable 22.9 percent rise over the same month last year. On the other hand, the brand’s performance in the first two months was also robust, with a combined revenue of 83.531 billion Yuan (roughly 13.2 billion US Dollars), which was 23 percent higher than the same period in 2021.

Furthermore, MediaTek also revealed its estimated revenue for the first quarter of this year. According to company CEO Cai Lixing (Via UDN), the increase in revenue was due to the better penetration of the brand’s 5G chipsets alongside the launch of its new flagship 5G SoC, the Dimensity 9000. This is its latest high end processor that will be shipped in premium grade handsets and rivals the Qualcomm Snapdragon 8 Gen 1.

Cai Lixing also believes that MediaTek’s annual growth rate this year will surpass 20 percent. Recently, we have covered numerous reports of the company catching up or even beating its primary rival Qualcomm, in some quarters in 2021. With its new 5G chip launches, the company will likely see robust performance in the coming quarters as well. So stick around for more updates.

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In recent times, boAt has been a major player in the wearable and hearables market in India. The electronics based startup has seen great success with its products and is now gearing up to launch its initial public offering at a valuation of over 1.4 billion US Dollars.

According to an Entrackr report, the company has also generated revenue that has crossed more than 1,500 crore INR (roughly 203 million US Dollars) in the financial year of 2021. The company’s financial report revealed that its operating revenue surged during this period by around 2.2 times over the same period last year. In the financial year of 2020, the startup brought in just 700.44 crore INR (roughly 95 million US Dollars).

Out of all of its product lines, the wireless earphones and headphones segment were the largest in terms of sales. This category also accounted for 62.7 percent of all of its operating profits in the financial year of 2021. Furthermore, the sales also grew by around 2.5 times, hitting 947.4 crore INR (roughly 128 million US Dollars) in 2021 over just 375.7 crore INR (roughly 50 million US Dollars) from a year prior. Similarly, boAt wireless speakers saw the highest growth overall, with a rise of 2.6 times in 2021.

The wireless speaker category was also the second largest contributor to the brand’s revenue in the last financial year, accounting for 20 percent of its overall revenue. For those unaware, the Indian startup design its products within the country but its manufacturing and assembling is done in China. So, 73 percent of its expenditure is from the expense of procuring its stock. Despite its great performance, only 1 percent of its annual costs went to pay employees’ salaries since it doesn’t have a large team and outsources production and after sales services as well.

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Samsung Electronics and LG Electronics are expecting to see a great performance in 2022, with both companies projected to see the highest ever sales since their establishment this year.

According to an ETNews report, Samsung is forecasted to bring 75.26 trillion KRW (roughly $63 billion) in sales and 15.07 trillion KRW (roughly $12 billion) in operating profit in the fourth quarter of this year. In other words, the South Korean tech giant’s sales surpassed the third quarter of this year, while also marking an increase of 67 percent over the same period last year. Furthermore, the company is forecasted to earn 278.67 trillion KRW (roughly $234 billion) annually in 2022, which is its highest ever revenue that even crosses its 2018 earnings,

During this year, the company’s operating profits are expected to hit 52.83 trillion KRW (roughly $44 billion), which is also the highest since 2018. The news also arrives amid an explosive demand for semiconductors. Daishin Securities researcher, Soo-bin Lee stated that “Samsung Electronics is expected to enter the upcycle of DRAM memory semiconductors in the new year,” while another researcher, Yu-mi Cha, said that “The situation of automotive semiconductor parts shortage will improve after the first half of the year.”

Similarly, South Korea’s LG is also expecting record performance this year. Its overall sales and operating profits is projected to hit 19.67 trillion KRW (roughly $16 billion) and 831.3 billion KRW (roughly $700 million) respectively. However, while the company saw record high revenue, its operating profits were lower than the first quarter of this year. Despite this, the brand is projected to hit 73.70 trillion KRW (roughly $62 billion) in annual sales for the first time in its history while its annual operating profit is expected to hit the record high of 4 trillion KRW (roughly $3 billion).

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Earlier today (29th October 2021), Huawei shared a new financial report that showcased its earning for the first three quarters of this year. In the report, the company revealed its overall sales revenue and net profit margin for the three quarters.

Looking at this report, the Chinese tech giant managed to rake in a total of 455.8 billion yuan (roughly 71.3 billion US Dollars) in sales revenue during the 9 month period. Similarly, it also recorded a 10.2 percent net profit margin as well. The company’s rotating chairman Guo Ping stated that the overall performance during this period was in line with Huawei’s expectations. He added that the consumer side of the brand’s operations did take a significant hit, but its business operations remained stable.

The senior official also said that the company will continue to strengthen its technological innovation, with more investment into research and development and talent attraction to continue to improve its operational efficiency. In the financial report, Guo Ping also expressed gratitude towards the company’s loyal customer base and its partners. However, while the report ended in a positive note it isn’t all smooth sailing for the company.

The 455.8 billion yuan total sales revenue marks a sizeable 32 percent decline year on year over 2020. Last year, the company’s first three quarters brought in 671.3 billion Yuan (roughly 1.04 trillion US Dollars). This decline can be primarily attributed to the US trade ban that it faces, with newer reports suggesting even tighter restrictions being on the way. Another major factor in the decline is also it selling off its budget smartphone subsidiary, Honor, last year to help ensuring the brand’s survival.

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MediaTek has just revealed its financial report for the month of September 2021 last week. The company recorded robust growth with its total sales revenue reaching 47.906 billion New Taiwan Dollars (roughly 1.71 billion US Dollars).

According to the financial report, the Taiwanese chip making giant recorded a notable 26.5 percent growth in sale revenue over the same month back in 2020. Furthermore, the company even recorded an 11.91 percent in growth month on month. This figure marks a new high for the company, which has seen a great third quarter performance. Notably, the performance of the the first three quarters of this year has even surpassed the annual sales expectation for the entire year of 2020.

In the third quarter of 2021, the consolidated sales revenue was 131.174 billion New Taiwan Dollars (roughly 4.68 US Dollars). This marks an increase of 4.3 percent quarter on quarter and an annual growth rate of 34.7 percent, which was in line with the brand’s previous estimation. On the other hand, the total sales revenue for the first 9 months reached 364.76 billion New Taiwan Dollars (roughly 13 billion US Dollars), which is a sizeable annual increase of 61.5 percent. MediaTek is set to announce its financial report for the third quarter, and is expected to reveal its plans for the fourth quarter or even next year.

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Samsung Electronics is one of the world’s largest technology company and it seems that the South Korean giant is gearing up to announce its best quarterly profits in three years with record revenue figures.

According to the estimates by analysts, the company is likely to post record revenue on rising memory chip prices and the rising sales of its newly released foldable smartphones — Galaxy Z Fold3 and Galaxy Z Fold3. In fact, it has been confirmed that the company has sold more than a million units of these two smartphones in South Korea so far.

A report of Refinitiv SmartEstimate (via Reuters) from 16 analysts claims that the operating profit for the world’s biggest memory chip and smartphone maker likely jumped to 16.1 trillion won (approximately $14 billion) in the quarter ended September.

If that turns out to be true, then the company is on track to report a 30 percent hike from 12.35 trillion won that it posted a year earlier and the highest since the third quarter of 2018. It is said that the revenue likely rose 11 percent to 74.6 trillion won.

The global shortage of semiconductors has led to price rise amind the COVID-19 pandemic, and as a result, Samsung soared 45% last year and hit a record high at the start of 2021.

Now, with the situation slowly getting in control, the prices for the semiconductor are expected to tumble after peaking in July-September and that outlook has contributed to the falling of Samsung’s stock.

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Xiaomi has just shared a new financial report that shows the results for the second quarter of this year. During this period, the company saw a record high growth in revenue, which grew by a sizeable 64 percent year on year.

The Chinese tech giant shared the news on its blog on the official website while the company’s Founder and CEO Lei Jun also shared some key figures on his Twitter handle. In the quarter than ended on June 2021, Xiaomi saw a 64 percent growth over the same period back in 2020. Furthermore, even its net income rose by a significant 80 percent year on year as well. The brand also stated that its smartphone business’ revenue reached 9.1 billion US Dollars.

The company saw this notable jump thanks to its 52.9 million smartphone sales unit in the second quarter, which even had it overtake the Cupertino based giant Apple to become the second largest smartphone maker. During Q2 2021, Xiaomi generated 87.8 billion Yuan in total revenue (roughly 13.5 billion US Dollars) along with 6.3 billion Yuan in net profit (roughly 971 million US Dollars). Furthermore, it even managed to ship over 12 million premium grade flagship smartphones out of its total 52.9 million units sold in Q2.

The brand’s lead the IoT product and services markets in 22 countries and ranked 1st in Europe and Southeast Asia for the first time. Its overseas IoT and Lifestyle products also saw a revenue growth of 93.8 percent year on year, while its overseas internet services revenue also grew by 96.8 percent as well. Notably, the company even invested heavily in this quarter, which rose by 56.5 percent from the previous year.

In June 2021, the company also recorded 454 million active monthly users for its MIUI platform, which was up by 32.1 percent over last year. Additionally, in the first half of this year, the retail prices at or above 3,000 Yuan (roughly 462 US Dollars) were the most common in mainland China, while around the 350 US Dollars mark was the most common price bracket for its overseas market.

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MediaTek has just reported its revenue for the month of May 2021. During this month, the company saw a growth of 13 percent month on month, while registering a whopping 90 percent growth in comparison to the same month last year.

According to a DigiTimes report, the chip making giant’s revenue reached 41.33 billion New Taiwan Dollars (roughly 1.5 billion US Dollars) in the month of May. On the other hand, the total revenue for the first five months of this year arrived at 185.93 billion New Taiwan Dollars (roughly 6.7 billion US Dollars), marking another significant growth of 80.2 percent year on year.

MediaTek also announced that it is on track to meet its initial sales growth estimate for the second quarter of this year, which is set between 10 to 18 percent over last year. Furthermore, the firm announced that it is working closely with its backend partners to reduce the impacts of the COVID cluster infections at OSAT King Yuan Electronics (KYEC). The company stated that it is also set to meet its expectations for the full year sales growth and gross margin guidance.

Previously, the fabless chip producer had estimated that its revenue will rise by over 40 percent in this year, recording somewhere between a 44 percent to 46 percent gross margin. The news arrives despite the two day fab closure at KYEC that led to  30 to 35 percent loss in its June output.

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Despite the world suffering from a global shortage of semiconductors, the demand for various end devices has seen a sizeable surge in recent times. This has caused various tech giants to increase their component procurement efforts, which has led to foundries seeing record high revenues, with TSMC seeing a steady rise in revenue thanks to high demand for its 7nm process from AMD, Qualcomm, and MediaTek.

According to a TrendForce report (via BusinessWire), the top 10 foundries across the globe registered record high revenue in the first quarter of this year. This was enabled by the price hike for semiconductors since foundries are facing tight production capacities for semiconductors at the moment. These top 10 foundries accounted for 22.75 billion US Dollars in revenue in Q1 2021, with TSMC taking the lead.

The world’s largest contract chipmaker alone recorded 12.9 billion US Dollars in revenue in the first quarter alone. This was enabled due to high demand for its 7nm, 12nm, and even 16nm process node. Fabless chipmakers like AMD, Qualcomm, and MediaTek were a major part of the record high revenue as their orders remained consistent despite the price hike. TSMC saw a 23 percent rise quarter on quarter in revenue from the 7nm process in Q1 2021.

This is indicative of the high demand for chips built on the advanced processes as well. But due to the foundry capacity shortages that are expected to continue through the second quarter of this year, the prices of wafers will continue to rise. In other words, the revenue of top foundries is expected to continue to rise. Meanwhile, various governments and chipmakers are looking to invest in expanding chip production sites across the globe to help alleviate the semiconductor shortage issue.

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The global smartphone market has seen an impressive growth of 37 percent year on year in the first quarter of this year. This had the market bring in over 100 billion US Dollars in terms of revenue.

According to a StrategyAnalytics report, the market brought in a high figure with Apple leading the industry. Earlier, we had reported on the iPhone 12 series accounted for the highest sales number and revenue in the entire market. Linda Sui, Senior Director, at Strategy Analytics stated that “Apple and Samsung remain clear front runners in revenue terms but competition among the chasing pack is intense. Vivo surpassed Huawei and nudged up to the third place this quarter, for the first time ever.”

Similarly, Senior Analyst Yiwen Wu also added that “The global smartphone market is remarkable with 25% of revenue coming from super premium devices with wholesale prices above $900. Apple and Samsung dominate these hugely profitable segments. Vivo has seen success and is ranked first in the $400 to $499 wholesale band, while Oppo led in the US$191 to $299 range in Q1 2021. Transsion maintained the leadership in entry tier (US$36 to $99) this quarter.”

While Samsung and Apple dominated the market, Chinese smartphone brands like Xiaomi, Oppo, Vivo, and others also fought over market share. The overall revenue during this period also reached a new record high for this quarter.

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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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MediaTek is apparently expecting to see another sequential rise of 10 to 18 percent in terms of revenue in the second quarter of this year. The company is projecting the revenue to be anywhere between 118.8 to 127.5 billion New Taiwan Dollars (roughly 4.22 to 4.53 billion US Dollars).

According to a DigiTimes report, the chip maker has even raised its internal revenue growth and gross margin projections for this year to 40 percent and 44 to 46 percent respectively. Furthermore, the company is even expecting the momentum to stay strong next year as well, as per sources close to the matter. The company has even begun talks with its partners in its supply chain regarding capacity support for 2022 and has also achieved good results so far, as per the source.

Additionally, MediaTek has reported its consolidated revenue for the first quarter of this year, which is around 108.3 billion New Taiwan Dollars. This figure is up from 12.1 percent sequentially and also marks a significant rise of 77.5 percent year on year. During the same period, the chip maker also had a gross margin of around 44.9 percent and net profits of 25.77 billion US Dollars.

This again marks a 73.4 percent sequential rise and a whopping 348 percent year on year grwoth. Interestingly, both the revenues and the net profits were new quarterly records for the company in Q1 2021, which is likely due to its booming business in recent months.

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Advanced Micro Devices Inc (AMD) has raised its annual revenue forecast earlier this week. This arrives as the company bets that its chips used in data centers and consumers’ PCs as the chief executive of the firm is also confident about the supply chain’s current situation.

According to a Reuters report, the chip designer’s shared had risen recently by about 4 percent in extended trading after it also recorded results that were better than expected for the first quarter of this year. Furthermore, AMD CEO Lisa Su has “good visibility” and that the company is confident to secure additional chips from its manufacturing partners. Su added that “The entire semiconductor supply chain is very, very tight. That being said, we’ve been working very closely with our supply chain partners. We have seen improvements that have led to the improved full year guide.”

For those unaware, Team Red has recently been stealing market share from Intel over processors, meanwhile, the company is also seeing a surge in demand for its graphcis cards as well for gamers. AMD now believes that their revenue will rise by 50 percent from a year prior. This means that the company could generate about 14.64 billion US Dollars, which marks a rise from the previously forecast that projected a 39 percent jump.

Lisa Su stated that “We feel very good about our progress, particularly in notebooks. We’re seeing traction in the premium ultra thin, gaming and commercial.” The brand is is expecting its computing and graphics business, which also includes graphics and central processing chips for personal computers rose by 46 percent to 2.10 billion US Dollars while its enterprise business that targets data centers chips posted a jump in sales as well, reaching 1.35 billion US Dollars.

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Due to the coronavirus pandemic that hit the world in 2020, it seemed like the semiconductor based IC design firms would be devastated. But with the rising trend of work from home and online education, the demand for notebooks and networking products surged causing IC design firms to see a spike in revenue last year.

According to a TrendForce report, the sudden rise of demand for laptops and other products drove manufacturers to significantly ramp up their ‘procurement activities for components.’ Thus, these fabless IC design companies that supply these crucial components had saw great benefits during this time, with these firms seeing notable growth last year. These companies includes major chip makers like Qualcomm, Broadcom, and Nvidia, which saw the highest revenue rise year on year among the top 10 firms.

In 2020, Qualcomm overtook Broadcom for the leading position in the top 10 list due to the sudden rise in demand for network devices, along with Apple’s decision to use Qualcomm’s baseband processors as well. Furthermore, the US sanctions against Huawei also prompted other smartphone makers to ramp up their handset production volumes to seize Huawei’s market share. Notably, the top three IC design firms also saw a whopping 52.2 percent increase in revenue year on year.

While Qualcomm, Broadcom, and Nvidia led the list, other major IC design firms include MediaTek, AMD, Xilinx, Marvell, Novatek, Realtek, and Dialog as well. Last year, MediaTek saw a revenue rise of 37.3 percent year on year, which was a considerable boost over its 1 percent rise back in 2019. Similarly, AMD also made headways in the notebook and desktop PC markets as well, marking a 45 percent rise in revenue year on year.

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MediaTek has just registered a significant surge in its revenue for the month of January this year. The tech giant saw a rise of nearly 80 percent from the same month back in 2019, marking its second highest monthly level of revenue in the company’s entire history.

According to a DigiTimes report, the company registered a revenue of 35.33 billion New Taiwan Dollars (roughly 1.26 billion US Dollars) for the month of January 2021, which is up by 78.3 percent from a year earlier and 9 percent rise sequentially as well. Furthermore, the chip maker is also expecting to see revenue growth of up to 8 percent, somewhere between 96.4 billion to 104.1 billion New Taiwan Dollars (roughly 3.44 to 3.71 billion US Dollars) for the first quarter of this year.

The growth was primarily backed by the surge in demand and popularity for 5G chips that powered smartphones, along with the growth in shipments of 4G smartphones as well as Chromebooks. The company’s overall mobile chip shipments are expected to see a substantial rise as well in this quarter, compared to the fourth and final quarter of last year, as per MediaTek CEO, Rick Tsai. MediaTek will also see its revenue surge in 2021 with its gross profit margin ranging somewhere between 43 percent to 44 percent. Notably, the company even generated a revenue of 322.15 billion New Taiwan Dollars (roughly 11.5 billion US Dollars) last year, marking a rcord high rise of 30.8 percent.

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Earlier this week, MediaTek announced that it would be offering incentive bonuses worth 1.7 billion New Taiwan Dollars (roughly 59 million US Dollars) to its various employees after the company recorded a surge in sales of its smartphones chips last year.

According to a TaiPei Times report, the chipmaker is giving large bonuses to its employees, which also includes those that work in the company’s major subsidiaries as well. Notably, this announcement marks the biggest incentive bonus that MediaTek has ever distributed in its 23 year long history. At the moment, the company employs around 17,000 people working under it and its five subsidiaries, including Richtek Technology Corp and Airoha Technology Corp.

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The employees working under these firms will receive a “red envelope,” with each letter giving out 100,000 New Taiwan Dollars (roughly 3,580 US Dollars), as per the company’s official announcement. This move from the company arrives after its revenue hit 10 billion US Dollars back in 2020. The company also stated that “Surpassing 10 billion US Dollars is just the beginning. We will continue to [grow] on this basis.”

Currently, MediaTek has about 10,000 employees, among which it is allocating 20 percent of its annual distributable earnings for local employees in the form of end bonuses. With 5G enabled smartphones becoming more popular, the company has seen a bump in sales, especially within the affordable handset segments with its Dimensity series of 5G chips. Chinese companies like Oppo, Vivo, Realme, and others are a few of its major customers that ship their devices with 5G chips from MediaTek.

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Apple is seeing a sizeable jump in revenue in India. The Cupertino based giant saw a rise of 29 percent, bringing the revenue to 13,755.8 crore INR (roughly 1.85 billion US Dollars) in the financial year of 2020.

According to a DeccanHerald report, the smartphone manufacturer also saw notable growth in net profits as per documents sourced by business intelligence platform Tofler. Apple had reported a revenue of 10,673.7 crore INR (roughly about 1.43 billion US Dollars) in India for the fiscal year that ended on 31st March 2019. Furthermore, the company recorded a net profit of 926.2 crores INR (roughly 124 million US Dollars) in FY20 in the Southeast Asian nation.

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This is a sizeable jump from the 262.27 crores INR (roughly 35 million US Dollars) net profit that Apple recorded in the previous year. Unfortunately, the company has yet to respond to this report at the moment. Although, it does mark the iPhone maker’s growth in the premium smartphone segment in India, which has been dominated by companies like OnePlus and Samsung in recent times.

In other words, Apple is aggressively pushing for a better footing in the high end market. Tim Cook, Apple CEO had recently stated that the company had “set a September quarter record in India, thanks in part to a very strong reception to this quarter’s launch of our online store in the country.” Back in September, the company also finally launched its first online store in India, while also ramping up local production of its iPhones in the region. Its profits were backed by strong iPhone sales, which were supplemented by Mas and iPads due to strong demand for remote working or work from home in the nation amid the lockdown.

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TSMC (Taiwan Semiconductor Manufacturing Company) has just revealed that it is expecting a revenue rise of 30 percent in 2020. This financial projection arrives despite the company recently losing one of its major clients, Huawei.

According to a Nikkei report, the world’s largest contract chipmaker is set to see a sizeable jump in revenue of 30 percent this year. A primary factor that led to such growth is the Coronavirus pandemic, which caused an immense growth in demand for digital solutions and smartphone OEMs aggressively pushing for 5G chips for their handset offerings.

As per an official statement from TSMC, the company’s revenue for the final quarter of 2020 could be between 12.4 billion to 12.7 billion US Dollars. This would mark a market consensus upwards of around 20 percent on the year. The chipmaker further added that this growth did not factor in any business with Huawei Technologies into its forecast.

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For those unaware, Huawei lost TSMC as its primary chip supplier earlier this year due to US sanctions, and as of 15th September 2020, is no longer supplied by the firm. At the moment, TSMC has declined on commenting on whether it has applied for a license to supply the Chinese tech giant. The Taiwanese company also supplied a majority of chip developers from across the globe, with its capital spending reaching 17 billion US Dollars.

According to TSMC CEO and Vice Chairman C.C. Wei, “TSMC will continue to focus on Taiwan. That’s our center of R&D and the majority of our production will continue to be located in Taiwan, regardless of the geopolitical tensions, or any kind of disruptions.” Its plan to build a 12 billion US Dollar chip facility in the US will also not be affected by the US presidential election.

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Earlier today (10th September 2020), the world’s largest contract chipmaker, TSMC, announced its revenue for the month of August. The company generated 4.2 billion US Dollars, setting a new record high for the company.

TSMC is a known chip manufacturer that supplies chips to various tech giants including, AMD, Apple, NVIDIA, and more. According to the company’s official website, TSMC generated 122.878 billion New Taiwan Dollars or roughly 4.2 billion US Dollars. This marks a notable increase of 15.8 percent year on year or 106.118 billion New Taiwan Dollars (roughly 3.6 billion US Dollars) during the same month in 2019.

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Furthermore, the revenue doesn’t just mark a new record high for the company but also marks positive revenue growth after the chipmaker’s revenue fell by 12 percent month on month back in July 2020. TSMC saw a 16 percent increase in revenue over a month prior. Notably, the last time the firm’s revenue reached this high was back in June, when it generated 120.878 billion New Taiwan Dollars (roughly 4.12 billion US Dollars).

Details from TSMC’s official website also reveals that the revenue generated by the company in the first 8 months of this year reached 850.137 billion New Taiwan Dollars (roughly 29 billion US Dollars). This marks an increase of over 195 billion New Taiwan Dollars from the same period back in 2019 or a sizeable increase of 30.7 percent year on year, which is quite an impressive performance considering the ongoing Coronavirus pandemic affecting many economies and industries across the globe.

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Amid COVID-19 pandemic, while the smartphone market witnessed a massive decline, mobile gaming has witnessed a surge of 27 percent, according to the new estimate data released by Sensor Tower, a mobile app data analytics firm.

As per the report, in Q2 2020, mobile gaming revenue witnessed a 27 percent rise year-on-year, generating around $19.3 billion. This represents a rise of 10.3 percent compared to the previous quarter.

The peak for the revenue was in May this year, which generated $6.6 billion, registering a rise of 21.5 percent year-on-year. The report adds that while the new game installs saw a massive rise in Q1 2020, up to 38 percent YoY at 13.4 billion, downloads further grew in Q2 2020 to more than 15 billion, up by 45.2 percent year-on-year.

The top three countries for the increase in new installs include India, the United States, and Brazil. India generated 1.8 billion game downloads in Q1 2020 and 2.7 billion downloads in Q2 2020. As for the United States, it witnessed 1.4 billion downloads in Q1 and Q2. Brazil, on the other hand, saw 1.1 billion downloads in Q1 and 1.2 billion downloads in Q2 2020.

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Some of the most popular gaming titles during the lockdown period include Roblox from Roblox Corporation and Fortnite from Epic Games — both of which witnessed a surge in popularity. However, PUBG Mobile from Tencent remains the top game in terms of generating revenue with around $621 million in Q2.

The United States was the leading country in terms of game revenue for the first half of this year, generating more than $10 billion. Compared to the user spending of $4.5 billion in Q1, it saw a 24.4 percent increase in the second quarter with $5.6 billion.

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Huawei, which has been facing a lot of heat from the Western market, especially the United States, is now facing a similar situation with one of the largest markets in the world and Asia’s third-largest economy — India.

According to the report from The Economic Times, Huawei Technologies has cut down its India revenue target for the on-going year by up to 50 percent. On top of it, the Chinese giant is also laying off more than half of its staff in the country.

The development comes amid growing anti-Chinese sentiments in the Indian market following the India-China border dispute about a month ago. Further, the government has also asked telecom firms to use locally-made equipment for 4G instead of Chinese.

As per the report adds that Huawei is now targeting $350-500 million in revenue from the Indian market for the year 2020. Previously, the company was aiming for around $700-800 million in revenue from India.

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The Chinese telecom equipment giant is also cutting around 60 to 70 percent of the staff in India. However, the report adds that people employed in Research & Development as well as Global Service Centre won’t be affected by this move.

Amid growing tensions with China, the Indian government has banned 59 Chinese applications in the country, including popular short-video social media platform TikTok. In response, China has alleged that the move is a violation of WTO policies.

Despite anti-China sentiments in India, Chinese smartphone brands dominate the Indian smartphone market. In Q2 2020, four out of the top five smartphone companies were Chinese, with Xiaomi at the lead position.

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A new report from Strategy Analytics has revealed that the Global smartphone Applications Processor (AP) market has grown by 6 percent in terms of revenue in the first quarter of 2020 despite the Coronavirus pandemic.

According to the report from Strategy Analytics’ Handset Component Technologies (HCT), the global smartphone Applications Processor market now sits at 4.7 billion US Dollars. In the market, Qualcomm maintained a dominating lead with a market share of 40 percent. Huawei’s HiSilicon came in second with 20 percent, while Apple made accounted for 15 percent.

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“Qualcomm’s 5G-centric flagship smartphone AP Snapdragon 865 and its 5G SoCs Snapdragon 765/G were off to a great start and featured in multiple high volume smartphones from top smartphone manufacturers,” said Sravan Kundojjala, Associate Director at Strategy Analytics. In other words, 5G had a big role in help growing the market revenue for this quarter.

Samsung LSI and MediaTek came in third and fourth places respectively, rounding up the top 5 market revenue holders. For Qualcomm, its 5G enabled APs accounted for over 20 percent of the company’s total smartphone AP shipments in Q1 2020. Meaning, the newer and faster bandwidth saw notable growth during this period which is reflected in the overall market as well.

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(Source,Via)

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Earlier today (8th July 2020), SensorTower China announced the ranking for the top Chinese mobile game publishers for both AppStore and Google Play by revenue. In the report, it was revealed that the top 30 video game publishers in China roped in more than 1.65 Billion US Dollars in revenue in June alone.

According to SensorTower listing, the top 30 Chinese game publishers accounted for 26 percent of the global mobile gaming revenue for June 2020. Popular brands like Tencent and NetEase topped the charts while other familiar names include Lilith Games, FunPlus, Lingxi Games, and more. Despite bringing in such large figures in revenue, the analyst noted that the mobile gaming market revenue was declining overall in China, Europe, and even the US. Only the Japanese market saw a rise in revenue.

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However, it is expected that the following months could possibly bring in record breaking figures. Furthermore, the latest mobile game title from Tencent, “The Outcast Mobile,” is also seeing a great success at the moment. The new IP, which is based on a popular comic series, is already bringing in a sizeable amount of revenue that is second to only industry giants like PUBG Mobile and King of Glory. But these are two well established games, and we can expect to see more from the new release.

For those unaware, the mobile gaming market has overtaken the PC gaming and console gaming market combined in terms of sheer revenue that is being brought in. With the Chinese market being one of the largest for mobile gaming, it comes as no surprise that developers from that region are roping in such impressive figures. Notably, this success is also the reason why various AAA game publishers from consoles and PCs are also now taking the mobile gaming market more seriously and have been launching their own mobile ports of their respective popular titles.

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PlayerUnknown’s Battleground Mobile or PUBG Mobile has brought in a massive sum of 3 Billion US Dollars in lifetime revenue. The massively popular online multiplayer game has seen great success globally, with just 2020 bringing in 1.3 Billion Dollars alone.

According to a new report by Sensor Tower, PUBG Mobile has dominated the mobile multiplayer gaming market and within it, the battle royale genre. It has generated revenue which is nearly four times greater than its rival, Garena Free Fire. The game owned by Bluehole has seen 734 million downloads worldwide, with India ranking in highest for the number of downloads. Indians make up 24 percent of the player base while China ranks second with 16.7 percent and the US third with just 6.4 percent.

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Although in terms of spending, Chinese players accounted for 52 percent of the total revenue generated, with the US coming second at 14 percent and Japan third at 5.6 percent. Furthermore, the Apple App Store brought in 79 percent of the player spending while Google Play accounted for 65 percent of all downloads. With the online game is constantly updated with new features and in-game cosmetics, the player base always has something to look forward too.

During this time of crisis, staying at home or working from home has become the norm. Due to the Coronavirus pandemic, the gaming industry, especially the mobile subcategory, has grown immensely. This is reflected in the 1.3 Billion US Dollars revenue generated in just one half of 2020. In other words, in just 7 months the game doubled its lifetime revenue, which is nothing short of impressive.

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(Via,Source)

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Samsung and Huawei are both competitors in the field of consumer-related products. But regardless of this, both companies are business partners as well with the latter representing a huge source of revenue for the former. This is especially true in the semiconductor business where Samsung particularly specializes in. But according to a new report, the South Korean tech giant might soon lose the revenue stream from Huawei in the arriving couple of years.

Notably, Samsung’s top five biggest clients at the end of Q4 2019 were companies like Apple, Best Buy, Deutsche Telekom, Verizon, and Huawei. Each of these companies also represents different areas where Samsung specializes in, like smartphones, semiconductors, displays, 5G networking and more.

Historically, Huawei has relied on Samsung’s semiconductor business for DRAM and NAND flash memories for its smartphones. However, this may come to an end due to the new Chinese Government initiative to encourage local industries and minimize reliance on imported components in the next 5 years. This marks a major shift in China’s manufacturing field by the year 2025.

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China Manufacturing 2025 is favorable to companies like Huawei, helping them become more self-sufficient in the next couple of years. This will also help in reducing its reliance on Samsung, who may suffer a huge blow in the wake of this market shift, particularly in the semiconductor segment. Meaning, the South Korean company will lose a large source of revenue which would take time to recover from.

Huawei has seen great success in the Chinese smartphone market (which is the largest market for handsets) which has also led to Samsung enjoying a healthy source of revenue in recent years. But if Huawei adopts local alternatives, Samsung might be in trouble. Fortunately, Samsung also has Intel as one of its clients in the semiconductor field which has become an important client recently with the production of 14nm CPU chipsets being manufactured in Samsung’s facilities.

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(Via)

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During the period of January to March, Apple said that it sold 52.2 million iPhone. The company failed to beat the Wall Street estimate of 52.4 million iPhone handset sales during the same period.

Compared to the same period last year, this year’s sales figure is higher. Last year, the company had managed to sell 50.8 million units of iPhone. Commenting on the sales of iPhone X, Tim Cook, CEO of Apple, said, “customers chose iPhone X more than any other iPhone each week in the March quarter.”

Apple posted revenue for its Q1 of $61.1 billion, up from $52.9 billion last year. Wall Street expected $60.8 billion. Average selling prices for iPhone were $728, which is lower compared to the Wall Street expectations of $742.

However, the figure is up more than 10 percent from $655 a year ago, suggesting that the company’s iPhone X, which starts at $999, has helped the company to boost prices. Despite the lower Average Selling Price (ASP), revenue attributed to the iPhone rose 14% year-over-year.

The company said that it also sold 9.1 million iPad during the three month period, which is in-line with forecasts of 9.17 million units. Other products from the company, such as Apple Watch and the HomePod smart speaker were added into the “others” category, which had $3.9 billion in revenue for the quarter.

Apple is said to be focusing on services after witnessing a slowdown in smartphone sales. In the services department, the company reported $9.19 billion during the quarter, higher than the $8.39 billion that Wall Street was expecting.

It seems that the Cupertino-based company will increasingly rely on its services business, which includes the App Store, Apple Music, iCloud and Apple Pay, and other services to bolster its overall results.

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Profits were $2.73 per share versus expectations of $2.68 per share, as of Monday, and up from $2.10 a year ago. Apple also predicted revenue of $51.5 billion to $53.5 billion in the June quarter, ahead of the $51.6 billion Wall Street expected.

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Taiwanese mobile phone maker HTC has just released the unaudited financial results in October 2012, the monthly revenue decreased by 60% compared to the same period last year. HTC’s October revenues of $ 588 million, year-on-year to $ 1.5 billion.

So far this year, HTC reported a total loose revenue of NT $ 246.2 billion yuan ($ 8.4 billion). HTC has announced its third-quarter earnings, HTC’s earnings situation is still not optimistic. The total revenue for the third quarter was $ 2.4 billion, earnings of $ 37 million. This number dropped by about 50% compared with the previous quarter (on a quarterly profit of $ 200 million to 50 million).

Earlier, HTC has announced its third quarter earnings, total revenue for the third quarter was $ 2.4 billion, earnings of $ 37 million. This number dropped by about 50% compared with the previous quarter (on a quarterly profit of $ 200 million to 50 million).

HTC will soon release a lot of new equipment, such as HTC One X + Windows Phone 8X and Droid DNA the 8S and just leak out, the hope to restore the decline.

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