bullish
Mediatek: AI Features Can Shorten Smartphone Replacement Cycle; New Verticals to Kick In 2H25E
194 Views31 Jul 2024 21:12
Mediatek surpasses earnings expectations in 2Q24, maintains strong revenue guidance for the mid-term and signals continued revenue strength for 2025E and 2026E.
What is covered in the Full Insight:
- Mediatek 2Q24 Earnings Beat Expectations; Strong Mid-Term Revenue Guidance Maintained
- 2Q24 Global Smartphone Market Witnessed Best Growth in Three Years
- Mobile phone upgrade cycle appears to be in process
- Mediatek Expansion Into ASICs -- To Start Generating Revenue in 2H25E
- Repeats Strong Mid-Term Guidance; Continues to Signal Revenue Strength for 2025E & 2026E
SUMMARY
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