ARM can thank the booming smartphone and tablet market for its solid fourth-quarter performance.
With its chips popping up in the iPhone and an array of other mobile devices, the U.K.-based company saw its pretax profit surge 45 percent to 69 million pounds ($108 million), while its sales rose 21 percent to $217 million.
But it's actually the royalties that provided the biggest boost. The company takes home a royalty for every ARM-based product sold along with a license to use its technology, notes the Wall Street Journal (subscription required)
As a result, fourth-quarter royalty sales grew … Read more