Cage Chao, Hsinchu; Esther Lam, DIGITIMES [Thursday 1 November 2007]
MediaTek fourth quarter sales may fall by 10-12% on quarter as only sales from the handset segment are expected to post sequential growth. Consumer electronics and storage segment sales are expected to decline along with seasonality, the company announced during a November 1 investors conference.
Company general manager Ching-Jiang Hsieh guided that quarterly sales will be in the range of NT$23.4-24 billion (US$72-73.8 million) in the fourth quarter, representing a 10-12% quarterly decline. Gross margin is expected to slip by 1-2 percentage points on quarter, down from the third quarter's 57.1%.
Handset shipments growth will be limited amid a shortage of power amplifiers, Hsieh said, but stressed that MediaTek should see a noticeable shipments growth for the whole year, beating the projected 100 million units. Concrete figures are yet to be revealed.
For the company's consumer electronics lineup, overall sales are expected to go down by over 15% on quarter. The seasonal slow down will lull sales, despite that the status of design-in and design-wins with first-tier branded TV makers are good with shipments gradually beginning to Europe and US markets. DVD-related customers are also trimming their orders, Hsieh said.
Sales for the storage lineup, although still buoyant due to game console customers, are being affected by PC customers trimming orders as inventory piles up. Overall storage ordering amount may reduce by 20%, resulting in an expected over 15% drop in sales in the fourth quarter, Hsieh detailed.
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