diff --git a/libs/protobuf-c/Makefile b/libs/protobuf-c/Makefile
index f4af211a8a..16b2f2be32 100644
--- a/libs/protobuf-c/Makefile
+++ b/libs/protobuf-c/Makefile
@@ -8,7 +8,7 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libprotobuf-c
-PKG_VERSION:=v1.0.1
+PKG_VERSION:=v1.2.1
 PKG_RELEASE:=$(PKG_SOURCE_VERSION)
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2