MediaTek received NT $38.219 billion in June, down 25.1% from a year earlier.

CTOnews.com July 10 news, MediaTek today released sales data for June 2023, with combined net sales totaling NT $38.219 billion (CTOnews.com Note: currently about NT $8.829 billion), down 25.10% from a year earlier and up 21.07% from a month earlier.

In the first half of this year (January to June), MediaTek's net sales were NT $193.781 billion (currently about 44.763 billion yuan), down 35.07 per cent from a year earlier.

According to a report released by market research firm Counterpoint Research, ▲ ranked first in the smartphone application processor (AP) market in the first quarter of 2023, accounting for 32% of the market, according to a previous report on the official website of MediaTek.

▲ Touyuan Counterpoint Research reported that MediaTek's forecast for LTE SoC shipments fell by more than 5% in the second quarter of 2023 due to inventory adjustments and weak demand. 5G SoC is expected to grow by less than 5%, with a slight decline overall.

However, MediaTek's performance is expected to rebound in the second half of 2023 due to purchases of Xiaomi Redmi (K60 Ultra series) and OPPO (one plus Nord 5 series).