Texas Instruments, the largest maker of chips for cell phones, announced higher than expected profits for its 4th quarter, but lower revenues.
It's a classic tale of traditional business versus new directions. For at TI, calculator sales were weak (do people still use calulators?) while chip sales were strong.
TI said semiconductor growth had accelerated over the past year and sales rose 3% in the third quarter to $3.23bn, representing 90% of total revenues. It said demand was focused on its digital signal processors (DSPs) and analogue chips used in mobile phones and consumer electronics.
And it looks like they hit they're golden objective of $1bn of chip sales for mobile phones in 2005. I guess TI should just keep focussing on chips. It seems to work for them.
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