Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Spreadtrum Q1 2011 Profit Up 317% YoY

PR Newswire Asia, 5/06/11

Chinese wireless baseband chipset provider Spreadtrum Communications (Nasdaq: SPRD) today announced its unaudited financial results for the first quarter ended March 31, 2011. Total revenue increased 8.3% QoQ and 163.0% YoY to USD 137.1 mln, exceeding the company's previous guidance range of USD 130 mln to 135 mln.

Net income rose 316.7% YoY to reach USD 27.5 mln.

In Q1 2011, sales volume of 2G/2.5G baseband and radio frequency bundle semiconductors increased 5.7% QoQ and 270.1% YoY. Sales volume of 3G bundle semiconductors increased 33.1% QoQ and 168.2% YoY.

In Q1 2011, the average selling price per unit of 2G/2.5G bundle semiconductors decreased 3.6% QoQ and 21.1% YoY. The average selling price per unit of 3G bundle semiconductors decreased 9.4% QoQ and 49.7% YoY.

For Q2 2011, the company expects revenue to be in the range of USD 152 mln to USD 158 mln.

To view Spreadtrum's full earnings report, please click here.

Keywords: chipset guidance Spreadtrum profit revenue wireless 3G 2.5G sales volume SPRD Q1 2011 Q2 2011 semiconductor fiscal report

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports