MediaTek has recently published its net profit fell 16.2% consecutively to a four-quarter low of NT$3.42 billion ($110,5 million) in Q1 2019, however, company’s gross margin climbed 2.3pp on year and 1.8pp on quarter to 40.7%. According to the Taiwanese chipset maker, these results were achieved thanks to recent product offerings.
According to MediaTek its revenues were consolidated for the first quarter of 2019 and stood at NT$52.72 billion, which is down 13.4% sequentially but up 6.2% when compared to the same period last year. Furthermore, the company’s operating profit of NT$3.17 billion was also down 17.7% quarter-on-quarter but up 64.3% year-on-year. The company’s CEO Rick Tsai stated that mobile SoCs including chip solutions for smartphones and tablets represented 30 to 35% of MediaTek’s incomes in Q1. Moreover, the company expects to see its SoC shipments crossing twofold digit successive increment in the second quarter, fueled by offers of MediaTek’s chip solutions for IoT, power management IC and ASIC items. The Help P70 will ship more in the Q2 2019, and also, the first phones powered by the upcoming Helio P90 are expected to hit the market in the same period.
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MediaTek hopes to post incomes of between NT$59.6 billion and NT$64.8 billion in Q2 2019, with gross margin rising from 39% to 42%. Mr. Tsai also revealed that the company is on track of revealing its 5G SoC series before the end of this year and prepared its mmWave solutions in 2020.