MediaTek Posts $827M in Revenue for August 2016

It's fair to say that chipset manufacturer MediaTek has been going from strength to strength over the past year and, while it did hit a slight bump towards the beginning of the year, the company appears to be back on top and has just reported record revenue for the month of August, with revenue of NT$25.87 billion ($827.9 million). This amount represents a 4.2% gain over July's revenue and a very impressive gain of 36.1% year-over-year. As well as its August revenue, the company also posted its Q2 2016 revenue, which sat at NT$72.53 billion ($2.32 billion) and, just like it's quarterly revenue, represents a record amount.

For its Q3 report, the company is expecting to post revenue anywhere between NT$78.3 ($2.51 billion) and NT$84 billion ($2.69 billion), which would once again represent record revenues for the company and an increase of 8% to 16% over the previous quarter. It's not much of a surprise that MediaTek is setting monthly and quarterly revenue records as the company has seen many manufacturers turn to its reliable and powerful chips - which often represent huge savings for device manufacturers when compared to the cost of Qualcomm's Snapdragon processors or NVIDIA's Tegra chips - in order to power their smartphones and tablets.

As of lately, the company has been consistently decreasing its reliability on Chinese device manufacturers and has gradually been expanding its customer base to include more international companies. The likes of Sony and HTC have both opted to include MediaTek chips in their latest low to midrange smartphones, while ASUS has chosen a MediaTek-branded chip to power its ASUS ZenPad 3S 10. One other manufacturer the company has managed to gain as a customer is Microsoft, with the software giant now using a MediaTek chip to power its recently-launched Xbox One S gaming console, a deal that will surely represent a huge win for the chip maker. MediaTek has managed to impress many manufacturers with its deca-core CPU, and with its traditional Chinese customers such as Xiaomi, OPPO and Huawei still relying on the company's chips, along with the bonus of many new customers, there's no sign of MediaTek's revenue stream slowing down.

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About the Author
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Joshua Swingle

Staff Writer
Born in London and raised in Spain. I Love traveling, taking pictures and, most of all, anything tech-related. Also a pretty big fan of binge-watching TV, especially Netflix shows.
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