UK-based iPod component partner Wolfson Microelectronics is benefiting from the music player's exponential market success.
Scottish firm Wolfson Microelectronics confirmed "continued growth and profitability" in its interim results for the half year ended 30 June 2005, released today.
Signal highlights for the company included rising revenues and profits; success in new markets; and an increasing client base.
Wolfson's revenues rose 12 per cent to $63.8 million, leaving pre-tax profits up 7 per cent to $9.2 million.
Portable devices drive demand
The company revealed an: "Increased penetration of new markets in multimedia mobile phones, automotive, LCD TV, digital radio, wireless headsets and portable games."
The firm also followed a shift in product mix to higher margin portable devices, "with revenues in this segment up by 64 per cent, led by sales in MP3 players, games consoles and mobile phones". The company boasts 259 design wins, it revealed.
Company CEO David Milne said: "Demand for digital consumer electronics products, in particular portable devices was robust."
He added: "We entered the second half of 2005 with an order backlog at a record level and a larger number of design wins in new products than ever before. Customers are gaining momentum with flagship products incorporating Wolfson's semiconductors."
iPod chipmaker PortalPlayer released its second quarter results on July 25, declaring net second quarter income of $6.3 million.
Ebullient CEO Gary Johnson hinted that new multimedia products integrating his company's technologies would ship in the second half of this year, and predicted "significant demand" for his company's wares.