MediaTek
We may earn a commission for purchases made using our links.

57.6% is the sequential increase MediaTek has posted, with close to 11% increase year-over-year, according to a recent report. These numbers directly translate to a six-month high, or NT$22.32 billion (US$723.5 million), as of March 2019.

While the financial revenue numbers represent a 13.4% decrease compared to the previous quarter, they are up 6.2% on year. DigiTimes reports that “the results meet the company’s guidance range of NT$48.7 billion to NT$53.6 billion“.

Rick Tsai, CEO of MediaTek, believes that the growth of the smartphone market will remain slow until 5G smartphones gain traction. However, the company is planning big on 5G, with MediaTek planning to announce a 5G modem chip in the first half of 2019. A 5G MediaTek SoC will also arrive at the end of the year.

You May Also Like
Pocketnow Daily: TikTok & WeChat Ban is Official! Here’s What You Should Know… (video)
On today’s Pocketnow Daily, we talk about the new ban on TikTok and WeChat, Apple’s wireless charger prototype, and more.
Huawei to continue working with Intel, and Qualcomm could be next
It seems that Intel has just received permission to keep on doing business with Huawei, with more on the waiting list
Galaxy S20
Samsung Galaxy S20, the latest MacBook Air and more devices on sale today
Today’s deals come from Amazon, where we find the Samsung Galaxy S20 series on sale, the latest MacBook Air and more devices on sale