View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 21, 2015

ARM’s profits drive share price to new heights after iPhone 6 chip demand

Company shares rose 24% in Q1 as nearly 4bn chips were sold.

By

ARM profits for the first quarter of 2015 registered a 24% rise in profit before tax ($179.1 million) thanks to demand from iPhone 6.

The company said its royalties would grow as its latest technology is used in more smartphones.

The firm’s shares rose to an all-time high of 1,233 pence.

ARM revealed royalty revenue rose 26 percent on an underlying basis, collected a quarter in arrears from a record 3.8 billion chips shipped.

Total revenue increased 14% from $305.2 million in Q1 2014 to $348.2 million in this year’s first quarter.

Tim Score, Chief Financial Officer for ARM said: "In the second half of 2015 we expect to benefit from the increasing deployment of ARMv8-A technology, our latest generation of processors, in the newest smartphones and tablets.

"These chips typically have a slightly higher royalty rate than the previous generation."

Content from our partners
Unlocking the value of artificial intelligence and machine learning
Behind the priorities of tech and cybersecurity leaders
Corporate ransomware attacks: It’s only a matter of when, not if

Simon Segars, ARM’s Chief Executive Officer, said: "As the world becomes more digital and more connected, we continue to see an increase in the demand for ARM’s smart and energy-efficient technology, which is driving both our licensing and royalty revenues."

 

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU