diff --git a/package/qemu/qemu.mk b/package/qemu/qemu.mk
index 2c0dbde317..3c0110226b 100644
--- a/package/qemu/qemu.mk
+++ b/package/qemu/qemu.mk
@@ -4,7 +4,7 @@
 #
 #############################################################
 
-QEMU_VERSION = 1.2.0
+QEMU_VERSION = 1.2.1
 QEMU_SOURCE = qemu-$(QEMU_VERSION).tar.bz2
 QEMU_SITE = http://wiki.qemu.org/download
 QEMU_LICENSE = GPLv2 LGPLv2.1 MIT BSD-3c BSD-2c Others/BSD-1c