ANALYST VIEWS: IS A BITE OF THE APPLE ENOUGH FOR IMAGINATION?
DANIELA VENTRONE | MATRIX
Competition is heating up, leading to market-share losses and average selling price pressure. This is not reflected in market expectations, in our view. Rival ARM’s Mali is seeing important design wins.
ALEX JARVIS | PEEL HUNT
The fundamental risk factor with Imagination is its market share outlook, where there are more question marks than a year ago. the best way to play it seems to be to hedge by also owning ARM or Nvidia.
DAVID TOMS | NUMIS
Technology licensing revenue and royalty unit volumes were strong last year, but offset by a continued faster than expected decline in the royalty rate. We reiterate our “reduce” rating.