MediaTek announced that its consolidated revenue for November was NT$10.11 billion (US$13.37 million), an increase of 4.94% from NT$9.64 billion in October. MediaTek said that the company originally expected that the comprehensive income in November will be lower than that in October. However, in October, the price reduction of mobile phone chips attracted large orders from the mainland market.
The company said short-term delivery orders for consumer electronics and PC peripherals also helped boost its November revenue.
As customers in the mainland market continue to hoard mobile phone inventory, it is expected that MediaTek’s revenue will pick up in January 2010. Market participants estimate that MediaTek's fourth-quarter revenue will reach its lowest point, even lower than its expected 13%-19% decline, and by the first quarter of 2010, its revenue may reach 5%-10%. growth of.
According to sources, MediaTek’s total revenue from January to November was NT$106 billion, a year-on-year increase of 25%. The company is expected to become the world's fourth largest IC design company in 2009.
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