LONDON Bluetooth chip specialist CSR plc said it expects revenues to increase to between $230 million and $250 million in the third quarter as it announced sales for the half year ended June 29 reached $376 million, a 19 percent increase on the corresponding period last year. Gross profits were also up by 14 percent on H1 06 to $170.4 million.
John Scarisbrick, CEO of CSR (Cambridge, England) said the company "anticipates an average annual revenue growth of between 15 to 20 percent a year over the next five years, implying annual revenues of $2 billion by 2012."
Headcount at the Bluetooth chip pioneer has just breached the 1000 mark, and Scarisbrick said the company continues to take on people in most functions, particularly in R&D, engineering and applications development.
The company reiterated that it sees a huge opportunity in the diversification of consumer applications using Bluetooth and forecasts a substantial proportion of Bluetooth volume will be directed at non-cellular markets. In particular, CSR has identified MP3 and MP4 players, digital TV, gaming consoles, PCs, cars and cameras with additional applications continuously being identified.
Beyond Bluetooth, and through a mixture of internal developments and acquisitions, CSR is building up to be a major supplier of chips for GPS, Ultra-Wide Band (UWB), embedded WiFi and Ultra Low Power (ULP) Bluetooth.
The first single chip UWB device is expected to launch next year, and the first device for Ultra Low Power Bluetooth, formerly known as WiBree, should be sampling by the end of this year.
CSR said it expects the proportion of new build cars that incorporate Bluetooth to increase from the 6 percent to 8 percent now towards 30 percent "in the medium term."
On the satellite navigation front, following the purchase of Nordnav Technologies and Cambridge Positioning Systems earlier this year, CSR said it has completed the first pre-determined technical milestones for the development of a software-based enhanced GPS on a Bluetooth chip.