MediaTek posts record-low gross margin in Q4 2016

The China Post
Date: January 27, 2017
By: Christine Chou

TAIPEI, Taiwan — MediaTek Inc., a leading Taiwan-based integrated circuit designer, announced Thursday its annual revenue for 2016 totaled a record-busting NT$275.5 billion, up 29.2 percent compared to the previous year, with earnings per share of NT$15.16.

However, its fourth quarter saw a record-low gross margin at 34.5 percent, which may go down further in the first quarter this year.

The chip designer released financial results for its fourth quarter ending Dec. 31, 2016. Fourth quarter consolidated revenue was NT$68.6 billion, down 12.4 percent from the previous quarter and up 11.3 percent year-over-year.

The company attributed the quarterly decrease to seasonal decline for consumer electronics, and the annual growth was mainly due to a rise in shipments for consumer electronics.    [FULL  STORY]

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