Smartphone demand boosts Spreadtrum guidance
This compares with previous guidance for 2Q13 of between $220 million to $228 million representing a guidance midpoint uplift of 22 percent.
Back in March Leo Li, Chairman and CEO of Spreadtrum (Shanghai, China), commented that the company was struggling to keep up with growing smartphone demand.
In the guidance note Li said: "We are increasing our revenue guidance due to the continuing strong demand throughout the quarter for low-cost smartphones." He added: "We are at the start of a multi-year cycle in China and emerging markets, of subscribers transitioning from 2.5G feature phones to smartphones, and are also benefiting from the continuing expansion of our smartphone portfolio."
Spreadtrum supports 2G, 3G and 4G wireless communications standards with chipsets, customizable software and reference designs in turnkey platforms.
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