Product category:
Communications ICs (Wireless)
News Release from: Cambridge Silicon Radio
Edited by the Electronicstalk Editorial
Team on 17 February 2005
CSR claims 50% of market
CSR has revealed its unaudited financial results for the fourth quarter, and its unaudited financial results for the 12 months ended 31st December 2004.
CSR has revealed its unaudited financial results for the fourth quarter, and its unaudited financial results for the 12 months ended 31st December 2004 For the year as a whole, pre-tax profits totalled $59.3 million, and revenue increased 274% over the period to $253.1 million
This article was originally published on Electronicstalk on 24 Aug 2001 at 8.00am (UK)
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Revenue for Q4 2004 amounted to $79.8 million, representing a 3% increase from $77.7 million in Q3 2004, and a 199% increase over Q4 2003.
CSR's Q4 2004 performance reflected continued strength in the mobile phone and headset segments.
Mobile phones and handsets accounted for 41% of CSR's design wins in the quarter.
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This included 14 mobile phone design wins (including Nokia, Samsung and Motorola), and 33 headset wins (including Motorola, LG and Logitech).
CSR's closest competitor had 37 design wins for end products and modules listed on the Bluetooth website in 2004.
During the quarter, CSR achieved some notable design wins in the automotive sector for customers including Honda, Cellink, Hosiden, Harman Becker and Motorola.
Other notable design wins included a Bluetooth reference design for Kyocera, an MP3 player for Philips, a wireless GPS module for Nokia, an internal PC card for Dell using BlueCore4-external and the diNovo mouse keyboard and media pad for Logitech.
In terms of the Bluetooth market conditions, current IMS estimates for 2004 indicate shipments grew to 140 million from 64 million in 2003.
The outlook for 2005 promises further growth with predictions of shipments of 250 million chips for the year (source: IMS) as mobile phone attach-rates are expected to rise to between 20 and 30%, up from 16% in 2004 (CSR's estimate).
CSR expects to continue to recruit engineers in 2005 to support new R and D projects.
Commenting on the results, John Hodgson, CEO said: "We are delighted to have delivered such a strong performance in our first year as a public company, growing revenues by 274% and achieving $59 million of operating profit".
"The fourth quarter results reinforce the year with good operating cash flow and margin performance".
"CSR grew unit market share in each quarter of 2004 reaching over 50% in the fourth quarter".
"In the year we secured 346 customer end product and module design wins representing 69% of those recorded by the industry".
"The Bluetooth market continues to grow strongly".
"CSR is confident that its market position provides an excellent foundation for 2005 and CSR remains well positioned to capitalise on the opportunities presented by the increasing use of Bluetooth across all applications".
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