Amazon Supplier Wolfson Microelectronics Sees Revenue Increase
Despite losing the Apple iPhone contract in 2008, Wolfson Microelectronics, a British company that supplies microchips to Amazon and Samsung, saw revenue grow 30% last year to $157.3 million.
The company released its financial results for 2010 and expectations for 2011, yesterday and attributed the growth to wide adoption of eReaders and smartphones. According to the company’s press release, mobile phone revenue was up 52%, smartphones up 76%, gaming up 130% and eBooks up almost 400%.
Mike
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