(credit: Martin Abegglen)
British chip maker ARM boisterously brushed aside concerns about a slide in smartphone sales growth on Wednesday morning, when it reported a robust rise in revenues and pre-tax profit.
The Cambridge-based company told the City that its annual sales had jumped 22 percent to £968.3 million in 2015, while profit before tax hit £414.8 million, up 31 percent from £316.5 million a year earlier. ARM—which has seen its share price take a knock, after Apple recently confirmed that iPhone sales would decline for the first time—added that it had shipped four billion chips in 2015. That's a 16 percent climb compared with its performance in 2014.
ARM said that its strong results had been buoyed by its shift into "emerging market opportunities," such as connected devices. It had also benefited from a growth in royalty sales, particularly for chips based on its ARMv8-A tech.
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