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back to article ARM brushes off dip in mobile revenues with sunny forecast for coming year

Chip design firm ARM has seen a dip in mobile sales that led to falling financial returns in the last financial quarter, a shift the company hopes will be temporary. The British-based company on Wednesday reported first-quarter results which saw revenues up by 16 per cent in dollar terms (10 per cent in UK pounds after …

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  1. Paul J Turner

    Eh?

    "...revenues up by 16 per cent in dollar terms (10 per cent in UK pounds after adjusting for exchange rates)..."

    How does changing the units change the percentage increase?

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    1. Steven Jones
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      Re: Eh?

      Simply because the pound has appreciated against the dollar. Of course, if you go back and recalculated the conversion using today's, rather than the historical conversion rate then applicable, you'll get exactly the same growth rate.

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    2. plrndl
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      Headmaster

      Re: Eh?

      Not all revenues are in dollars. Presumably ARM makes sales in various currencies, which all move differently in relation to the £ sterling in which the company reports, and have moved differently since the last report.

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