Wolfson Hit By Blackberry

Wolfson Microelectronics is thought to have been hit by the Blackberry debacle.

Wolfson’s Q4 forecast is $40 million to $50 million whereas it had generally been expected to be $58 million.

Q3 sales were $44million. Last year Q3 sales were $53 million.

The shares fell to below 150p. They have fallen by a quarter this year.

Blackberry’s Q3 saw sales down 45% on last year with a loss of nearly $1 billion on $1.6 billion of revenue.

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3 Comments

  1. Fred Dart
    October 07, 2013 16:35

    Yes, it’s a bit of a rock and a hard place. It used to be that Apple was the frighteningly lsrge part of their business until they pissed them off by over marketing their role in the partnership. Now it’s Samsung – I think/ hope they’ve learned some hard lessons over the years. If you can make the Samsung business at least break even then use the lower volume customers to shift in some profit them maybe the business model could make sense. Being an IPO, the share price is very fickle to any market issues like BlackBerry, but it can distort the real long term worth of the company, well, in my simple analogy anyway…

  2. Fred Dart
    October 03, 2013 16:55

    They seem well positioned with Samsung, seem to being supplying to Apple again, though they are more subtle these days, just referring to them as a major North American smartphone manufacturer, hmm.. so some downside on the Blackberry is hopefully a short term blip, not the end of the world. Would be nice to see them break into a profit though – though that does seem a bit elusive..

  3. david manners
    October 04, 2013 00:54

    Yes indeed Fred but Samsung represent a frighteningly lsrge part of their business – approaching 50% apparently.

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