MediaTek continues to set monthly and quarterly revenue records

Chipset designer MediaTek reported August revenue of $827.9 million. That is a 4.2% gain from July's revenue, and an impressive 36.1% gain year-over-year. For the second quarter of 2016, the company reported sales of $2.32 billion. That was a record amount of revenue for any quarter in MediaTek's history. And another record is expected for the third quarter as MediaTek expects to post revenue of $2.51 billion to $2.69 billion from July through September. That would be a gain of 8% to 16%

August set a record for an individual month as Chinese smartphone manufacturers continue to fall in love with MediaTek's chipset range. Some are turning to the company's deca-core CPU to power their phones. Industry watchers say that another record will be set in September as companies like Oppo continue to ply MediaTek with orders.

MediaTek is also expanding its order book to include manufacturers like Asus (for the Asus ZenPad 3S 10). Microsoft's Xbox One S is also employing a MediaTek SoC inside.

source: Digitimes