Chip manufacturer losses widen amid weaker DAB sales
British tech company Frontier Smart Technologies Ltd reported annual pre-tax losses widened as revenues fell by more than a fifth amid weaker digital radio (DAB) sales. For the year ended 31 December 2018, pre-tax losses widened to $3.3m from $2.1m a year earlier, and revenue fell 21% to $41.8m according to StockMarketWire.com. According to our analysis the global smartphone revolution will curb future demand for stand-alone radio sets.