The company blamed reduced
smartphone unit volumes in the second half of its fiscal year for the lackluster results, as well as a negative impact from the sale of lower - priced components at key Android OEMs.
«While revenue for Q4 and FY18 was below expectations due to lower than anticipated
smartphone unit volumes, Cirrus Logic made meaningful progress this past year on numerous strategic initiatives that we expect to position the company for a return to year - over-year growth in FY20,» said Jason Rhode, president and chief executive officer.
Not exact matches
Unit volume will reach 189 million
smartphones (two % increase) shipping in 2018, with revenues expected to reach US$ 62.9 billion (three % increase).