Belfast Telegraph

Microchip maker sees Q2 profit soar by 30%

By Nikhil Kumar

The company behind the microchips in Apple's iPhones and iPads has hailed a "strong start" to the year, with more than two billion devices using their chips shipped in the past three months alone.

Cambridge-based ARM Holdings said second-quarter revenue was up 24% compared with the same period in 2012 at $264.3m (£172m), with profit also up 30% at $86.6m.

The Footsie-listed firm, which makes its money by licensing microchip designs to manufacturers, said 2.4 billion devices using ARM-designed chips were shipped across the world between April and June, 20% more than in the same period last year.

In his first set of results since taking over from Warren East at the start of the month, chief executive Simon Segars said the growth was driven by improvements across all markets.

The company booked $35.3bn in revenues for the three months to the end of June, with 31.2 million iPhones shipped over the quarter, far more than the predicted range of between 26 million to 27 million, but iPad shipments were lower at 14.6 million.

Belfast Telegraph