LONDON, Oct 22 (Reuters) – Chipmakers licensing more
powerful mobile technology like the 64-bit architecture in the
new iPhone helped Britain’s ARM Holdings’ beat
expectations for the third quarter on Tuesday.
The company, whose chip designs power more than 95 percent
of smartphones and most tablets, posted pretax profit of 92.6
million pounds ($149.6 million), up 36 percent on a year ago, on
revenue 27 percent higher at 184 million pounds.
Analysts were forecasting revenues of 175.8 million pounds
and pretax profit of 88.9 million pounds, according to a poll of
25 brokers compiled by the Cambridge-based company.
Apple made the leap to 64-bit processing in the
iPhone 5S, unveiled last month, and analysts say other
smartphone makers will likely follow.
ARM, which licenses its designs to chipmakers like Samsung
, receives a higher royalty on every chip shipped for
its newest designs.
