Demand for MediaTek Products Still Quite Good in India

MediaTek in its earnings call on Tuesday said that the demand for its products are “still quite good” in India and other emerging markets. The company engaged in the semiconductor business earlier on Tuesday announced its first quarter results with MediaTek reporting an 5.9% decrease in revenues as compared to its previous quarter. However, its first quarter revenue of NT$60,863 million is 15.4% up on a year-over-year (YoY) basis. 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.”

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Weakness in Mark Demand, MediaTek 4G Shipments to Remain Flat

Rick Tsai, chief executive officer of MediaTek said in the earnings call that the weakness in market demand in India and other emerging countries will have an impact on the demand of 4G products.

“Of course what’s happening in India and other emerging markets, are having 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.”

Crucially, Tsai said that the MediaTek 4G shipments in the upcoming quarters will be “somewhat flat” as compared to the previous year.

“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.”

Further, Tsai said that MediaTek could have “significant share” in the 5G market as the company has “quite a few” products in its roadmap scheduled to be released in the second and third quarter.