ARM does not rely on the top end of the market, he said. "All smartphones contain more ARM technology than less sophisticated phones and therefore generate higher royalties."
Royalties from chips shipped by partners, such as Qualcomm and Texas Instruments, reported a quarter in arrears, rose 26 percent year-on-year to 77.7 million pounds, broadly in line with expectations.
ARM reiterated its guidance for full-year revenue to at least meet market expectations. Score said he expects analysts revenue forecasts to rise after the second-quarter results, to about $1.09 billion for the year.
Analysts expected the company to report pretax profit of 82.5 million pounds on revenue of 165 million pounds for the quarter, according to a company-supplied consensus. ($1 = 0.6508 British pounds)
(Editing by David Holmes and Elaine Hardcastle)
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