Apple chip designer Arm Holdings in 23% profits boost

ARM processors The UK firm is outperforming rivals such as Intel

Related Stories

ARM Holdings, the UK company behind the computer chip technology powering Apple's iPhone and iPad, has reported a 23% boost to second-quarter profits.

The Cambridge-based company announced pre-tax profits of £66.5m on sales of £135m for the three months to the end of June, beating analysts' forecasts.

Despite Apple's lower-than-forecast profit rise posted on Tuesday, demand for ARM technology in smartphones, computers and TVs remains high.

ARM shares rose nearly 6% on the news.

ARM licenses its technology to chip makers and receives royalty income on its intellectual property.

The company said 2 billion chips had been shipped during the quarter, up 9% year-on-year compared to an industry-wide fall of 4%, while processor royalties grew 14%.

"ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers gained market share within existing markets and launched products which are taking ARM technology into new markets," said the company's chief executive Warren East.

The company said full-year results would be in line with market expectations, in contrast with chip technology companies Intel and Qualcomm, which have reduced forecasts in recent weeks.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Firth of Forth bridgeWhat came Firth?

    How the Forth was crossed before the famous bridge

  • Petrol pumpPumping up

    Why are petrol prices rising again?

  • Image of George from Tube CrushTube crush

    How London's male commuters set Chinese hearts racing

  • Elderly manSuicide decline

    The number of old people killing themselves has fallen. Why?

  • TricycleTreasure trove

    The lost property shop stuffed with diamonds, bikes... and a leg

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.