Following Apple deal Dialog updates on the upside

July 17, 2019 //By Peter Clarke
Following Apple deal Dialog updates on the upside
Mixed-signal power and wireless chip company Dialog Semiconductor plc has said it now expects higher revenue and profits in its 2Q19 financial results than previously expected.

The company is now expecting IFRS revenue of approximately US$482 million, which exceeds by 1 percent the top of the range given on 9 May 2019, which was

US $438 million to US$478 million.

The company now expects an operating profit of approximately US$216 million which includes approximately US$28 million of other operating income comprising a gain of approximately US$16 million on the transfer of assets to Apple and income of approximately US$12 million from specific non-recurring engineering contracts.

The announcement could also be a sign that the company is seeing improved demand from China, possibly as some US vendors shy away from supplying such smartphone companies as Huawei, Oppo and Vivo.

On 28 June 2019, Dialog had US$1.14 billion of cash and cash equivalents on hand and is set to publish its results for the quarter ended 28 June 2019 on 30 July 2019.

Related links and articles:

News articles:

Profitable Dialog sees benefits from Apple deal

Electronics industry must side with China in trade war, says Dialog's boss

Dialog completes Apple deal with transfer of 300 staff

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