MediaTek, On the earning call, that was held on Tuesday, said that the demand for their products is still quite good in India. Demand MediaTek Products Still Quite Good India.
Demand MediaTek Products Still Quite Good India:
MediaTek is mainly engaged in the semiconductor business. They announced, in the first quarter of 2020, reporting a 5.9% decrease in revenues as compared to its previous quarter. However, in the first quarter of 2020, revenue of NT$60,863 million is 15.4% up on a year-over-year (YoY) basis.
What MediaTek Said About Decrease Of Sale:
MediaTek said that the quarter-over-quarter decrease was because of the “lower seasonal demand for consumer electronics” while the YoY rise was due to the “smartphone market share gain.”
MediaTek 4G Shipments Remains Flat:
The weakness of sales in market demand in India and other emerging countries will have an impact on 4G connections. This was said by Rick Tsai, who is the chief executing officer of MediaTek.
“Of course what’s happening in India and other emerging markets, are having an impact on the demand of the 4G product,” Tsai said in the earnings call. “However, our demand I would say it’s still quite good.”
Tsai also said that the 4G shipments in India will be “somewhat flat” in the upcoming quarter.
“We believe our 4G shipment will be somewhat flat compared to last year,” Tsai said. “Considering the severity of the end demand, I think many different markets, I think the company has done really a good job in the 4G segment.”
With several countries including India are under lockdown, Tsai said the impact will be more in India.
“We believe the India impact probably greater compared to Southeast Asia. So again, if we combine all those things together, 4G end-market demand is going to be down quite a bit.”