Published in PC Hardware

ARM being dragged down by Apple

by on22 July 2015


Too close for shareholders

Investors in ARM are deeply worried about its close relationship to the fruity cargo cult Apple.

ARM released its results which looked great, but investors were looking at its close ties to Jobs' Mob which posted results which were disappointing.

Shares dropped 3.1 per cent on the back of Apple's results. Apple uses ARM's processor designs in its range of iThings.

It seems odd as ARMs Revenues rose 22 per cent to £228.5m for its second quarter, while pre-tax profits increased 32 per cent to £123.9m, compared with the same period last year.

The chip designer signed 54 processor licences for the three months, a "record" number.

Simon Segars, ARM chief exec, said a diverse range of companies chose to license ARM's latest processors in the second quarter and physical IP for future product developments.

"ARM has been investing in advanced technology products for mobile devices, automotive applications and enterprise infrastructure, and in Q2 ARM signed licences for many of these new products. This licensing activity will help to grow the royalty revenue opportunity for years to come," he said.

Last modified on 22 July 2015
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