MediaTek has reported a 21.53% sequential decline in December consolidated sales to NT$5.26 billion (US$162.1 million), bringing its fourth-quarter consolidated sales to a total of NT$20.13 billion, which meets the last downward adjustment the IC design house made to its guidance.
At the end of October, MediaTek forecasted its fourth-quarter sales would drop 10-12%, but in late November the handset chip designer estimated a worse decline of 15-20%. In late December, it further lowered the guidance to NT$20 billion, a sequential decline of 25% due to weaker-than-expected demand in China.
The design house has blamed the lowered guidance to a series of macroeconomic control measures by the Chinese government and the tightened credit lines hitting the consumer market.
| MediaTek consolidated sales, July-December 2007 (NT$m) | ||
| Month | Sales | M/M |
| December | 5,263 | (21.52%) |
| November | 6,707 | (17.83%) |
| October | 8,163 | (17.54%) |
| September | 9,900 | 2.25% |
| August | 9,682 | 39.67% |
| July | 6,932 | 15.34% |
Source: Company, compiled by Digitimes, January 2008
Article edited by Eric Mah
