MediaTek expects its revenues to grow by 22-30% in Q3 2020

The Taiwanese chipmaker has been making handsome progress in the Silicon industry with a variety of powerful and efficient chips. It’s latest Helio G series and Dimensity series of chips are driving the smartphone market to a whole new level, people are getting better budget an mid-range devices, thanks to MediaTek even at a lower price than Qualcomm.

Like, in India, the smartphones are under Rs. 12k price category mostly bears MediaTek’s Helio chipsets and in fact, this is the hottest selling price category in the budget-centric country. Obviously, this has helped the sales for the Taiwanese country and a recent report from DigiTimes suggests that MediaTek’s estimated Q3 2020 revenue will be reaching NT$82.5-87.9 billion (US$2.75-2.79 billion) for a 22-30% sequential growth.

MediaTek Dimensity SoC_TechnoSports.co.in

This is an insane amount of revenue for the chipmaker who is slowly and steadily challenging Qualcomm in every segment except flagship. This kind of prediction from the company comes from the unprecedented sales of its chips, particularly because of the Dimensity series 5G SoCs, which are now becoming a natural choice for many mid-range smartphones.

MediaTek has also projected its gross margin at 41.5-44.5% for the third quarter, which is more or less at the same level as that for the second quarter. Coming to some revenue details, in the first half of 2020, MediaTek’s revenues increased by 12.4% while net profits surged by 33.33% with an average gross margin of 43.31%.

The revenue it has generated this year is far beyond expectation in the first half of 2020 and is even expected to witness a minimum annual revenue increase of 15% for the whole year, almost double to that of its original growth projection. The company’s CEO Rick Tsai stated that global shipments of 5G handsets will reach 170-200 million units by the end of 2020 which will ultimately increase Mediatek’s 5G SoC sales in the next quarters of 2020.

Do check out:

😎TechnoSports-stay UPDATED😎

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

MediaTek Dimensity 7400 and Dimensity 7400X Unveiled with AI...

MediaTek has officially unveiled its Dimensity 7400 and Dimensity 7400X chipsets, succeeding last year’s Dimensity 7300 series....
Apple’s Custom C1 5G Modem: A Game-Changer in Power Efficiency with TSMC’s 4nm & 7nm Technology

Apple’s Custom C1 5G Modem: A Game-Changer in Power...

Apple has taken another significant step toward hardware independence with the launch of its first in-house 5G...
NVIDIA

NVIDIA & MediaTek Eye AI-Powered Smartphone & PC Markets

NVIDIA : NVIDIA and MediaTek are rumored to be collaborating on a new AI-powered smartphone chip,...

Vodafone Idea to Launch 5G in Mumbai by March...

Vodafone Idea (Vi) has announced the official rollout of its commercial 5G service in India, with the...

Dimensity 8400 Ultra vs Snapdragon 8s Gen 3: Benchmark...

In the world of premium smartphone chips, the battle between MediaTek’s Dimensity 8400 Ultra and Qualcomm’s Snapdragon...

LATEST NEWS

Ibrahim Zadran Makes History, Leading Afghanistan to a Crushing Win Over England in Lahore

Are you ready for a tale of cricketing brilliance that has sent ripples through the world of sports? Brace yourselves, cricket fans, because Afghanistan's...

Shah Rukh Khan’s Mannat Makeover: King Khan’s Shocking Move!

Shah Rukh Khan's Mannat Makeover: King Khan's Shocking Move! Hold onto your popcorn, Bollywood fans! The King of Bollywood, Shah Rukh Khan, is about...

Ranji Trophy Final Day 1: Malewar and Nair’s 215-Run Partnership Gives Vidarbha the Edge Over Kerala

Are you ready for a thrilling tale of cricket drama, unexpected heroes, and a comeback for the ages? Buckle up, cricket fans, because the...

Kohli Moves Up in ICC Rankings After Pakistan Century, Shubman Gill also Leaves Babar Azam Behind!

Are you ready for some exciting cricket news that's shaking up the world rankings? The latest ICC ODI rankings have just been released, and...

Featured