Wolfson technology now mostly Chinese phones

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Still building on relationship with Samsung

Wolfson now found inside audio hubs

UK audio chip maker Wolfson Microelectronics says its Q3 [2013] results were more or less in line with expectations. They came with reduced revenues of $43.9 million against $53 million for the same period last year [2012], and gross profits of 43 per cent compared to 47 per cent for Q3 2012. Earlier this month Wolfson completo shares nosedived after it admitted future revenues would be hit by cancellations at major customer, thought to be BlackBerry product.

Today [29th October 2013], Wolfson put a gloss on its revenue downturn by revealing this was countered by "strong customer adoption" of its latest high value audio hubs.

I goMo News has already covered such an audio hub in the shape of the igbloo from Stage One Technology here.

It added that it was now shipping to, or designed into, most of the leading indigenous mobile phone manufacturers in China.

Plus it continued to build on its relationship with Samsung, with its technology incorporated in the Galaxy widely range of smartphones, tablets and cameras.

The firm revealed it had also launched an audio card for the highly successful Raspberry Pi computer.

But despite the reassuring noises, Wolfson's shares slumped nearly 5 per cent on London's Aim market first thing this morning to 139 pence.

Dave Evans is a long established commentator on both the IT and cellular industries. His current focus is on share price trends within the sector. You can email him here