Texas Instruments gave a disappointing outlook for sales of its high end mobile phone chipset going into the holiday season: Q4 revenue will be between $3.46 billion and $3.75 billion, below the Q3's $3.76 billion and analysts expected $3.8 billion. While earnings were in line with expectations for Q3, TI's sales missed market estimates. Analysts said there was no one remarkable factor that led to the disappointing quarter and subsequent outlook, but all-in-all the news was not welcome. Nokia, which is TI's biggest customer, reported a weak quarter as well since its average selling price for handsets fell amid higher demand for cheap phones.
For more on TI's Q3 and Q4 outlook:
- take a look at this article from CNET