Apple forced Imagination Technologies to change course, but it still returned to being profitable


Imagination Technologies, the company that used to produce GPUs for Apple products, suffered quite a blow when the Cupertino company decided to manufacture its own graphics chips. The two companies ended up in a David-and-Goliath type of battle, in which Imagination claims that Apple can't make GPUs without infringing on its patents, while Apple says it can.

The repercussions suffered by Imagination Tech were so severe that the company recently announced it's looking to sell itself. However, according to its latest earnings report, the UK firm went back to being profitable again, despite the fight with Apple.

Imagination reported operating profit of £7.8 million (about $10 million) for the last fiscal year, that ended on 30 April 2017. This is a major difference from the £26.8 million ($34.6 million) loss it had in 2016. Additionally, the net debt of the company was lowered to £28.4 million ($36.7 million), as opposed to the £40.8 million ($52.8 million) net debt it had on 31 October 2016.

In order to achieve this, the company had to restructure itself, and it marketed two of its divisions for sale in the beginning of May before announcing the formal sale process for the entire group the next month.



Whether Apple's claims were “unsubstantiated” or not, remains to be seen. In the meantime, it appears that things are looking up for Imagination Technologies, at least for the time being.

source: Investegate.co.uk via AppleInsider

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12 Comments

1. XperiaFanZone

Posts: 2279; Member since: Sep 21, 2012

Improbable should buy imagination' . They've also should have bought freemind which is now owned by Google

2. Papa_Ji

Posts: 859; Member since: Jun 27, 2016

Samsung should buy Imagination Technologies and f**k the money hungry apple.... If not Samsung then Huawei, intel or MediaTek.

3. AmashAziz

Posts: 2934; Member since: Jun 30, 2014

Please refrain from using profanity.

4. Awalker

Posts: 1982; Member since: Aug 15, 2013

Is there a reason why he should refrain from using profanity?

5. AmashAziz

Posts: 2934; Member since: Jun 30, 2014

Oh there are a thousand reasons! It creates bad effect on the minds of the youth, it's offensive, it causes backfire which basically means others would be inclined to reply with profanity too. It causes agression, it makes the kids think using profanity is cool, it corrupts the tongue of people, it spreads negativity on these forums where the motive is to discuss the tech in a respectful manner. Of course, if you are clever, you would know using profanity doesn't promote that idea of respect by any means; it only causes hatred and is one of the reasons of the sustainance of fanboys. Which is a parasite in the smartphone industry.

6. Ninetysix

Posts: 2965; Member since: Oct 08, 2012

Someone forgot to read the discussion rules before posting. Member since 2013.

10. AmashAziz

Posts: 2934; Member since: Jun 30, 2014

Yup. And look at number 9. First time I see him posting. These guys think they are cool because they use profanity. Just like the kids in GTA V Online................!

7. HansP

Posts: 542; Member since: Oct 16, 2011

Seems like Samsung is more involved with AMD these days, which makes sense. AMD has a really powerful architecture in the pipeline. Get that on mobile and we can say hello to actual useful 4k mobile devices.

8. gehrig

Posts: 423; Member since: Apr 17, 2014

Meh, Apple has already stolen all of Imagination's best engineers. Apple doesn't need Imagination anymore, so a purchase by Samsung wouldn't ruffle Apple's feathers too much.

11. trojan_horse

Posts: 5868; Member since: May 06, 2016

But a purchase will grant Samsung a heck of new patents, thus enabling Samsung to develop great custom GPUs for it's Exynos chipset.

12. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

And Samsung is also in a better position to sue Apple for GPU patent infringement. Apple always gets away with stealing other people tech so much so that Steve Job was openly bragging about it, so it's no surprise they would do it again.

* Some comments have been hidden, because they don't meet the discussions rules.

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