DOWNWARD ADJUSTMENT: No growth is expected in global shipments this year and some customers have taken on conservative outlooks, the MediaTek CEO said

Taipei Times
Date: Aug 01, 2018
By: Lisa Wang  /  Staff reporter

MediaTek Inc (聯發科) yesterday said revenue this year would dip unexpectedly for a second straight year due to steeper deceleration in the global mobile phone market.

The forecast is a downward adjustment from April, when the world’s second-biggest handset chip designer still expected annual growth in revenue and mobile chip shipments.

“At the beginning of the year, it was generally expected that global shipments of mobile phones would grow 4 to 5 percent year-on-year. Now, no growth is expected,” MediaTek chief executive officer Rick Tsai (蔡力行) told an investors’ conference.

“This will weigh on our shipment totals,” Tsai added. “As well, some customers have become conservative in their business outlook.”    [FULL  STORY]