CSR grows first half revenues by 19%
CSR’s first half revenues for 2007 reached $376million, an increase of 19% over the same period last year. Meanwhile, the company now employs more than 1000 people. Chief executive John Scarisbrick, pictured, said the company continued to consolidate its position as the ‘clear Bluetooth market leader’.
CSR is looking to grow at more than 15% a year over the next five years, a rate which would see its annual revenues exceeding $2billion by 2012. Growth will come from more consumer applications using Bluetooth,, including MP3 and MP4 players, digital tv, gaming consoles, pcs, cars and cameras.
Away from Bluetooth, CSR is developing other short range technologies and believes it is ‘well positioned’ to lead the markets for GPS, Ultra Wide Band, embedded WiFi and Ultra Low Power (ULP) Bluetooth. CSR expects its first single chip UWB product to launch in 2008.
Scarisbrick said: “We have the capacity to grow the company quickly whilst maintaining profitability. We continue to see numerous future growth opportunities for Bluetooth, as well as for the broader range of short range wireless technologies that are part of our portfolio.”
