Just in – MediaTek sales are up 17.2% in Q3 compared to Q2. Whether it’s due to an increase in demand in smartphones, or due to MediaTek tromping the competition is unknown. Regardless, sales rising is always better than sales falling and it’s good to see them making some further headway into the market.
Forecasts predicted a 5-13% increase. However, they far overshot that mark with their 17.2% increase which amounts to NT$39 billion (USD 1.3 billion).
The current forecast for handsets sold with MediaTek solutions is 200 million units. 2014 expects to see 10% of smart phones carrying a MTK Octa-Core 8-core) SoC.
MTK MediaTek stocks remain in ‘BUY’ status according to Deutsche Securities.
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