MediaTek has reported consolidated revenues of $680 million for March 2017, up 22.8 percent on the month but down 2.4 percent on the year.

MediaTek posted revenues  up 0.3 percent from a year earlier but down 18.3 percent sequentially. However, to be fair, all this was predicted by MediaTek long before it happened..

MediaTek vice chairman Ching-jiang Hsieh warned of a seasonal slowdown in end-market demand, as well as the continued strengthening of the US dollar impacting emerging market growth. He said that all this would drag down MediaTek's revenues in the first quarter of 2017.

The company wants to improve its product mix with new and cost-optimised solutions ready for mass shipments in the second half of 2017, according to Hsieh.It would appear that the company's dependence on smartphone SoCs is not paying off any more.

MediaTek reported revenues for the fourth quarter of 2016 decreased 12.4 per cent  on quarter but increased 11.3 per cent on year  while its gross margin fell below 35 per cent. The company posted record revenues in 2016, but the year saw a record-low gross margin at 35.6 per cent.