Lin outlines limits
For 2015, the brokerage trimmed MediaTek’s 3G handset chip shipment forecast from 266 million units to 260 million and maintained its 4G LTE chip shipment estimate at 160 million units, adjusting MediaTek’s total smartphone chip shipment projection in 2015 from 426 million units to 420 million.
Given these factors, the brokerage cut its price target for MediaTek shares from NT$425 to NT$405 and reduced the company’s earnings per share estimates for 2015 to NT$23.5 and for 2016 to NT$27.
Under Taiwanese regulations, the name of the brokerage cannot be reported because it was offering specific forecasts that could influence the market.
MediaTek shares closed up 0.38 percent at NT$400.5 Wednesday in Taipei. The company will host a conference call Thursday to release its first-quarter earnings. will be delayed from the third quarter of this year to sometime in 2016 and come in two versions: one tailored for men and the other for women, NDTV Gadgets reported on Monday, citing Asustek CEO Jerry Shen ( ).
Shen said Asustek now has “a better understanding” of the wearable market after testing the market reception to the first generation ZenWatch, which was unveiled at Germany’s IFA electronics show in September last year, the report said.
Shen said Asustek is working to improve the battery life and overall performance for its new smartwatches, including the development of its own operating system for wearable devices, but he noted that his company will continue side-by-side with Google Inc.’s Android Wear operating system in the future, according to the report.
Research firm Canalys revealed that only over 720,000 Android Wear-powered devices were shipped in 2014, which accounted for roughly 16 percent of the total 4.6 million smart wearable band shipments.
Canalys analyst Daniel Matte forecasts that Apple Inc.’s smartwatch will dramatically grow the market for smart bands and wearables overall this year because Apple made the right decisions with its WatchKit software development kit to maximize battery life for the platform.
Taiwan Stock Exchange Corporation (TWSE) President Michael Lin ( ) announces yesterday that starting on June 1, the daily price fluctuation limit for shares would be expanded to 10 percent. Lin said that once investors are more familiar with the new system, he expects volume would rise as well.