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Chip designer ARM sees smartphone recovery in second half

23
Apr
2014

By Paul Sandle LONDON (Reuters) – ARM Holdings, whose chip technology powers Apple’s iPhone, said demand for smartphones would pick up in the second half after a disappointing end to 2013 resulted in first-quarter profit rising less than in previous years. Sales of top-end smartphones, a market dominated by Apple and Samsung, were lower than predicted during the Christmas holiday season, leading to worries that the market was becoming saturated. But ARM’s Chief Financial Officer Tim Score said there were signs that demand was picking up for smartphones from the low-end to the top, where Samsung has just launched its Galaxy S5 flagship and Apple is expected to unveil a new iPhone later this year.

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