ARM Sales Beat Estimates on Demand for More Powerful Mobiles
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ARM Holdings Plc, the chip designer whose products power Apple Inc.’s iPhones and iPads, reported second-quarter sales that beat estimates as phone and tablet makers demanded more advanced graphics and processing technology.
Revenue increased 26 percent to 171.2 million pounds ($263 million) in the second quarter, ARM said in a statement today. Analysts had predicted 165.1 million pounds, according to the average of estimates compiled by Bloomberg.