TECH - Arm Holdings Expected To Report Strong Earnings On Back Of Android Demand While Apple Supplier Faces Risks Amid China Slowdown | Benzinga
Arm Holdings Plc. (NASDAQ:ARM) is all set to report its December quarter earnings on Wednesday. The semiconductor designer is looking at "solid results and guidance" ahead, surprisingly thanks to a "sustained Android demand," according to KeyBanc Capital Markets analyst John Vinh.
What Happened: SoftBank-owned Arm Holdings is poised to gain on account of strength in demand from Android phone makers, Vinh said in a note seen by Benzinga.
This comes as a surprise in the backdrop of Samsung Electronics Co Ltd. (OTCPK: SSNLF), the world's largest Android phone maker, losing its crown to Apple Inc. (NASDAQ:AAPL) after a blemish-free run at the top for 13 years.