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Spreadtrum enjoys upswing due to smartphone demand

Posted: 19 Jun 2013 ?? ?Print Version ?Bookmark and Share

Keywords:Spreadtrum? mobile phone chips? smartphones?

Spreadtrum Communications continues to enjoy a high demand for its mobile phone chips. The company has revised guidance for sales in the second quarter ending June 30 up to between $270 million and $278 million, an increase of between 43 and 47 per cent over the first quarter.

The revision compares with previous guidance for 2Q13 of between $220 million to $228 million representing a guidance midpoint uplift of 22 per cent.

Back in March Leo Li, Chairman and CEO of Spreadtrum, told EE Times that the company was struggling to keep up with growing smartphone demand.

In the guidance note, Li said: "We are increasing our revenue guidance due to the continuing strong demand throughout the quarter for low-cost smartphones." He added: "We are at the start of a multi-year cycle in China and emerging markets, of subscribers transitioning from 2.5G feature phones to smartphones, and are also benefiting from the continuing expansion of our smartphone portfolio."

Spreadtrum supports 2G, 3G and 4G wireless communications standards with chipsets, customisable software and reference designs in turnkey platforms.

- Peter Clarke
??EE Times

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