China Digital TV has reported that the smart cards shipment declined by 30,000 in the second quarter of 2014 year-on-year. The company has shipped over 3.55 million smart cards in the second quarter of 2014, as compared to 3.58 million in the same period in 2013 and 3.56 million in the first quarter of 2014. The company has posted a consolidated net revenue of USD 17.2 million in the second quarter of 2014, representing a 5.8% decrease from the same period in 2013 and a 5.6% decrease from the first quarter of 2014.
Revenue from smart cards and other products was USD 15.9 million in the second quarter of 2014, a decrease of 9.1% from the same period in 2013 and a decrease of 7.1% from the first quarter of 2014. “The year-over-year decrease was primarily due to a decrease in revenues from the sales of smart cards as a result of a decrease in the ASP,” said the company in a statement.
The company expects smart card shipment volumes in the third quarter of 2014 to be in the range of 3.6 million to 3.9 million. Net revenue from it in the third quarter of 2014 are expected to be in the range of USD 15.4 million to USD 16.6 million.
“Alongside the traditional CA market, we maintained our focus on value-added services this quarter, with our subsidiary Cybercloud continuing to explore market opportunities beyond partnerships with cable operators. There were exciting developments in our cloud computing business, including a new agreement with Jiangsu Mobile to develop cloud games for OTT set-top boxes and 4G cloud games on mobile, as well as the establishment of a streaming platform for Shandong Network TV covering China Telecom and Unicom broadband users in Shandong,” said Dr Lu Zengxiang, acting chief executive officer and acting chief financial officer of China Digital TV.
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