ARM Holdings, the UK-based chip designer, is reporting a 45% rise in quarterly profits; the company's technology is used in Apple's iPhone and iPad among a host of other mobile devices.
The current report surpasses all analyst forecasts, with ARM reporting £69m profit for the last quarter of 2011 and total revenue for the quarter rising 21% to £138m, The Guardian reports.
There will be even more good news for ARM in the coming year; with its royalties counted a quarter in arrears, Apple's record sales in the last quarter will not yet be fully represented in ARM's figures.
With headquarters in Cambridge, the company continues to ride a growing trend. "We have benefited from the rapid growth of smartphones, tablets and smart TVs, and many of these devices contain multiple ARM chips," explained Tim Score, ARM finance director.
In addition to supplying Apple with processor technology, ARM also has profitable partnerships with chipmakers like Texas Instruments Inc, Qualcomm Inc and Nvidia Corp.
Janardan Menon, analyst at broker Liberum, predicts that ARM will continue to enjoy success: "Clearly Arm's licensing and royalty momentum seems set to continue in coming quarters as well, not withstanding the broader weakness in the overall semiconductor industry."