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Wolfson extends Samsung Galaxy audio deal

4/12/2013 10:14 AM EDT
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Peter Clarke
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Blogger
re: Wolfson extends Samsung Galaxy audio deal
Peter Clarke   4/16/2013 10:21:56 AM
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Wolfson Microelectronics has been making losses for a while. In 2012 the company made loss after tax of $6.1 million on revenues of $179.7 million. In 2011 the company made a loss after tax of $17.9 million on revenues of $156.9 million. So things are getting better. The company made profits after tax of about $1 million or about 2 percent of revenues of about $50 million in the last two quarters of 2012. There is therefore hope of an improved profit in 1Q13 to be announced shortly.

daleste
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CEO
re: Wolfson extends Samsung Galaxy audio deal
daleste   4/14/2013 4:53:26 PM
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If Wolfson is struggling, then Samsung probably got a pretty good deal. This may be an advantage over their competition.

EREBUS0
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re: Wolfson extends Samsung Galaxy audio deal
EREBUS0   4/12/2013 7:59:23 PM
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Good news, the Wolfson MEMS audio components are very good, so they should greatly improve the Samsung devices.

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