Dolby Eyes Smartphones As Makers Seek Differentiation

Dolby continues to focus on its "other markets" business, including mobile, automotive, VIA and gaming, as traditional consumer electronics and PC businesses show declines, said CEO Kevin Yeaman during the fiscal Q1 earnings call. For the quarter, Dolby reported revenue of $233.4 million, down from $242.7 million in Q1 2011. Income dropped to $73.2 million, from $86.4 million, it said.

Revenue from the CE segment was down 15 percent year over year primarily from lower DVD revenue, said Chief Financial Officer Murray Demo. Other markets business was up 26 percent over Q1 2010, primarily driven by mobile business. A sequential decline of 18 percent was driven by a Q4 fiscal 2011 settlement with RIM, he said.

Mobile is the fastest-growing segment of the business, Yeaman said, and could break ... Log in to view full article.

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