John Forsyth: Yes. Thanks, Matt. I’m not going to get into detail on the ASP front, but these are really big developments. If you look at that codec development, for example, not only a really heavy lift to get all that IP on to 22-nanometer, we undertook a serious investment in the test chip in that process, what will be the best part of five years ago by the time that product comes to market. So it’s a very significant investment. And frankly, that chip is going to be phenomenal I think in terms of power consumption efficiency, what it does for our customers in terms of enabling system design, flexibility and performance. It’s a big leap forward, and it can be the platform for a long time. So in line with that, yes, we’d expect some ASP uptick as we get to the launch of that.
And similarly with the boosted amplifiers, our goal when we’re approaching a product like that is not only to look at how we can improve the product intrinsically but also how we can save some cost and board space for our customers by integrating stuff that’s around us on the board. And with our new boosted amplifier, we’re doing exactly that. We’re reducing the component count that sits around the amplifier, and that gives our customers a real benefit. And again, when you’re able to deliver a benefit like that, that results in a cost saving for the customer and should result in an ASP increase for us as well.
Operator: Your next question comes from the line of Tore Svanberg with Stifel. Your line is now open.
Tore Svanberg: Yes, thank you and congratulations on the record results. Maybe to follow on that same topic, the 22-nanometer smart codec again and the boosted amp. You did say you expect it within the next couple of years. I mean, could you maybe be a little bit more granular? I mean is this something that we should expect within the next two years, next three years? Or is this sort of like within the next five years?
John Forsyth: Yes. And thank you for the nice comment, Tore. By a couple, we mean two, so we’re old school on the definition of a couple. We talked about the 22-nanometer codec being in design in the fall of last year. And typically, when we talk about setting aside all the work that comes before that and the test chip and so on, when we talk about the actual product, being in the design phase, that’s typically €“ sorry, a couple, meaning two years out from the actual introduction in the market.
Tore Svanberg: Excellent. And then on the topic of the laptop market, you talked about 60 new models that you got designed into last year, I believe that was probably from your €“ I wouldn’t call them legacy products, but you did talk about some new laptop specific products, right? So those design wins are still on the come. And if that’s the case, would those also tend to carry higher ASPs?
John Forsyth: Yes, that’s a great question. And you’re exactly right. To clarify that, those 60-plus design wins that I referred to are based on products which we had developed prior to targeting the laptop market as an expansion of our audio addressable market. So we’ve really been doing very well with the existing product portfolio. However, you can certainly improve on that and optimize, for example, the battery architectures that we see in a variety of laptops. I’ve talked about the sound wire interface being a feature that’s coming over the horizon there. So we have these new generation products, which are looking at addressing those needs. And I think we’ll see our older products continue to run in parallel. They certainly still perform extremely well and are highly relevant. But yes, we would anticipate some ASP increase as we see the introduction of those new boosted amplifiers in particular.
Operator: Your next question comes from the line of Blayne Curtis with Barclays. Your line is now open.
