Analog Devices, a company that makes tiny computer parts called chips, had a great start to the year! They sold lots more chips than expected, making more money. This is good news for the company and shows people are buying more cool tech.
- More people are buying smartphones and smart home devices.
- Demand for chips used in cars and robots is also increasing.
- Analog Devices expects to sell even more chips in the next few months.
| Item | Number |
|---|---|
| First-quarter revenue | $2.4 billion |
| Expected second-quarter revenue | $2.5 billion (approximately) |
| Consumer segment revenue increase | 19% |
This is all good news for the company and might mean prices of electronic devices will increase somewhat, or perhaps remain the same even with added features.
