Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Social Media»Apple’s GPU supplier ditches CEO, seeks new strategy
Social Media

Apple’s GPU supplier ditches CEO, seeks new strategy

DeepBy DeepFebruary 28, 2016No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Hossein Yassaie (1)

Imagination Technologies, the U.K. company that makes graphics chips for Apple’siPhones and iPads, is ditching its CEO and its strategy as it heads for its second consecutive year of losses.

The semiconductor design and licensing company plans to sell its loss-making digital audio business, Pure, which has dogged its results for years, but will invest more in its PowerVR graphics core designs, which Apple uses in its iPhones and iPads.

Board member Andrew Heath will serve as interim CEO while the company searches for a replacement for Sir Hossein Yassaie, who had run the company since 1998.

Imagination reported a £13 million (US$19 million) loss on revenue of £177 million in its last fiscal year, which ended April 30, 2015, compared to a small profit the previous year.

Things still looked bad when it reported results for the half year to Oct. 31, but the company forecast a better second half would pull it out of the red for the full year. That recovery never came, and now it expects to report a loss before interest and tax for its fiscal year to April 30, 2016, it said Monday.

Two things led to the shortfall, Imagination said. One was that it had not signed as many new licensing deals for its chip cores as it had expected; another was with existing licenses, where royalties from some key customers fell short of its previous expectations for the fourth quarter of 2015.

Apple, one of the company’s largest customers, experienced something of a slowdown itself last year, with sales of latest iPhones flat, and revenue expected to dip this quarter.

The iPhone maker is not Imagination’s only customer, though, and in addition to the PowerVR graphics core, the company also owns the rights to the compact, low-power MIPS processor design used as an alternative to ARM chips in cars, routers and Androidsmartphones.

[“source -cncb”]

Apple's CEO ditches GPU New seeks strategy supplier
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

Social Media and Relationships

May 27, 2025

Online Counselling for Individuals and Couples

May 27, 2025

The Best Time to Post on Threads in 2025 — Data from 700K+ Posts

May 20, 2025
Recent Post
  • Financial Audits and Payment Compliance: The Role of TPS
  • Social Media and Relationships
  • Online Counselling for Individuals and Couples
  • The Best Time to Post on Threads in 2025 — Data from 700K+ Posts
  • Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency
  • How to Grow Your Brand with Micro Influencer Marketing
  • What Are the 8 Different Types of Video Game Articles?
  • Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.