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ARM sees rapid growth in mobile devices by 2018
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ARM Holdings Plc, a company offering intellectual property rights on chips, expects entry-level smartphones and mobile devices with strong graphic features to grow rapidly by 2018 despite a general slowdown in industry growth.
“The (mobile industry) is still growing by double digits. The key trend is more and more diversity in prices,” John Heinlein, ARM’s vice president of corporate marketing, said during an one-on-one interview yesterday in Shanghai.
Sales of entry-level phones, such as US$30 for 3G smartphones and US$80 for 4G LTE (long term evolution) phones, are set to jump 17 percent annually on average until 2018.
ARM predicted global smartphone sales to jump 10 percent annually by 2018.
Comparatively, sales of global smartphones jumped 25 percent year on year to 320 million units in the third quarter, according to research firms such as Gartner and IDC.
ARM, whose graphic chip and designs are installed on 95 percent of mobile phones globally, projected that demand for smartphones with strong graphics will boost its revenue.
Heinlein also said that the Internet of Things market is forecast at US$20 billion in 2018, and that ARM seeks to tap further in the sector where it now has a 22 percent share.
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