Dialog Semiconductor anticipates a single-digit percentage revenue decline in 2019 as it finalizes the $600 million transfer of programming assets and patents to Apple, according to a March 2019 report. The company reported a 2% increase in fourth-quarter operating profits amid ongoing restructuring efforts to reduce reliance on Apple, which constitutes 75% of its revenue.
The Anglo-German chip designer initially projected flat 2019 revenues after announcing an October 2018 agreement to divest non-core assets. However, updated forecasts now indicate a revenue contraction, with fourth-quarter results slightly exceeding internal guidance. The company's strategic shift aims to diversify its client base and mitigate risks associated with its heavy dependence on Apple.
Reporting by Douglas Busvine, editing by Riham Alkousaa
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