Apple supplier AMS Upbeat Android Camp with growth

Chipmaker AMS gave a bullish outlook for the second quarter on Tuesday as it benefited from a growing number of Android smartphones using its 3D optical sensors, raising its share in premarket trading to 8 percent.

The Austrian group is working to diversify from Apple, which has provided it with face recognition technology, as the latest iPhones weigh less.

Its Apple reliance led the group to drop its long-term guidelines and suspend dividend payments in February.

AMS says it has seen the expected launch of Android smartphones in the first quarter, incorporating its 3D technology, and expects to launch more Android devices with 3D illumination solutions within the year.

The Swiss-listed group expects revenue of $ 390-430 million (approximately Rs 2,700 crore to Rs 3,000 crore) in the second quarter and its operating margin will reach about 10 per cent during this period.

Revenue for the three months to March stood at $ 390.2 million, down 20 percent from the fourth quarter of 2018, at the top end of its guidance. Operating margin came in at 6 percent, with আয় 23.5 million consistent income before interest and taxes (EBIT).

“AMS has recorded this positive growth despite the generally strong seasonality in the consumer market as well as the generally lower market environment,” it says.

ম Thomson Reuters 2019

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