“Cell phone chip vendors Skyworks Solutions Inc. and Spreadtrum Communications Inc. posted dramatically different financial results for their most recently concluded quarters Thursday (Nov. 6). While Skyworks saw its revenue climb 22 percent year-over-year, Spreadtrum’s declined by 48 percent,” Dylan McGrath reports for EE Times.
“One possible factor for the divergent results: while Skyworks supplies a quad-band GSM/EDGE amplifier module for Apple Inc.’s red-hot iPhone, Spreadtrum does not (the company supplies parts to at least one of the so-called iPhone clones),” McGrath reports.
“Skyworks (Woburn, Mass.) posted a GAAP net income of nearly $55 million on record revenue of $232.6 million for its fiscal 2008 fourth quarter, ended Oct. 22. Net income, based on generally accepted accounting principles (GAAP), increased nearly 105 percent from $22 million in the year-ago quarter,” McGrath reports.
“For fiscal 2008, revenue increased 16 percent to $860 million while GAAP net income grew 91 percent to $111 million, Skyworks said,” McGrath reports. “In an increasingly rare show of strength, Skyworks issued guidance for the current quarter calling for revenue to grow sequentially 3 percent to $240 million.”
Full article here.
[Thanks to MacDailyNews Reader “Gray M.” for the heads up.]
Hurry – Slash all parts orders by 40% !!! – From this quarter forward Apple will not sell another iPhone. – Just days ago. Nice to see SKWS raise guidance here. You wonder what those nut bag analysts think when presented with facts instead of wishful thinking