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Apple chip designer Arm Holdings beats forecasts.
(From Guardian Unlimited)
British computer chip designer Arm Holdings beat forecasts with a 45% increase in fourth-quarter profits to GBP69m as it gained market share in sales of smartphones and mobile computers.
Apple's favourite chip designer beat the consensus profit forecast of GBP55m, and said full-year revenues had risen 21% to GBP492m, with profit before tax for the year up 37% to GBP230m. Total fourth-quarter revenues rose 21% to GBP138m.
Arm already dominates the smartphone market, but 2011 saw it grow share by increasing the number of its designs in each handset, from an average of 2.4 to 2.5 chips.
Crucially, Arm said its products were …
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