toggle

AAPL Stock: 101.79 ( + 0.21 )

Printed from http://www.macnn.com

Wolfson takes hit after losing Apple contract

updated 10:40 am EDT, Mon October 5, 2009

Suffering declines due to iPhone, iPod work

Scottish manufacturer Wolfson Microelectronics is projecting year-over-year financial declines for its fourth quarter, says the Financial Times. Revenue is expected to be between $33 and $34 million, flat relative to the second and third quarters of 2009, but down from $37.4 million in the fourth quarter of 2008. The trouble is attributed mainly to a broken relationship with Apple; while Wolfson chips are featured in the iPhone 3G, there are none to be found in the iPhone 3GS.

As a result of losing its Apple contract last year, Wolfson has also suffered in not manufacturing iPod chips. The company hopes to recoup some of its money through a deal to supply chips for a new US phone, which analysts believe is being produced by Nokia.

The iPhone and iPod can sometimes have a dramatic effect on the electronics industry. As a result of their popularity, the devices have occasionally created industry-wide memory shortages, affecting prices and the ability to deliver products on time.




by MacNN Staff

toggle

Comments

  1. lamewing

    Joined: Dec 1969

    0

    History repeats itself

    The same thing happened to Portal Player when basically all of their revenue was based on Apple using their chips in the iPods.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

toggle

Most Commented