Wolfson Q3 2010 sequential sales up 31%
The mixed signal semiconductors supplier forecasts revenues for Q4 2010 to be in the range of $40m to $48m, driven by demand in smartphones, gaming and eBooks.
The company projects continued strength in these markets in 2011. While it announced that product mix and volume related price breaks will result in some gross margin decline in Q4 2010, full year gross margin is forecast to be around 50%.
Mike Hickey (pictured), ceo of Wolfson, said: "Q3 2010 was a significant ramp quarter for Wolfson with the promised impact of our 'class of 2009' design ins reaching volume production. Despite being supply constrained, we achieved strong revenue growth both sequentially and annually and returned to profitability.
"Our audio hub architectures are being adopted into the most exciting and the fastest growing consumer electronics products, such as smartphones, tablet pcs, eBooks and next generation gaming products. This, coupled with our 'class of 2010' design in performance, gives us confidence of further strong growth in 2011."
