Apple's Chip Suppliers Will Look to Benefit From Record Breaking Sales of iPhone 5
October 09, 2012 08:20 ET
Apple's Chip Suppliers Will Look to Benefit From Record Breaking Sales of iPhone 5
Five Star Equities Provides Stock Research on Texas Instruments and TriQuint Semiconductor
NEW YORK, NY--(Marketwire - Oct 9, 2012) - Apple's chip suppliers have benefited from the immense popularity of the company and their products in 2012. In August, Apple's valuation of $623.52 billion made it the largest U.S. Company ever surpassing Microsoft. The recently released iPhone 5 set a new record for opening weekend sales, with sales topping 5 million units. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Texas Instruments Inc. (
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While sales of 5 million iPhones during its debut weekend fell short of analysts' estimates, it was largely in part to supply issues. "While the supply issues for the iPhone 5 since launch are concerning in terms of the company's ability to fully meet demand in December, we are staying with our 49 million unit estimate for the holiday quarter," said Piper Jaffray analyst Gene Munster.
Canaccord Genuity analyst T. Michael Walkley also expects China Mobile, the world's largest carrier, to launch its first iPhone on its network in early January, just in time for the Chinese New Year in February.
Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.FiveStarEquities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
Texas Instruments chips are used in a wide variety of products, and are the largest producer of analog chips. Texas Instruments is providing a touchscreen controller chip in the new iPhone 5. The company recently forecasted third quarter 2012 revenues to be between $3.27 billion to $3.41 billion, and profit to range from 38 cents to 42 cents a share.
TriQuint Semiconductor is a leading global provider of innovative RF solutions and foundry services for the world's top communications, defense and aerospace companies. The company recently announced a new Multi-band, Multi-mode Power Amplifier (MMPA) that simplifies the increasingly complex RF front-end for next-generation global 3G / 4G smartphones and other mobile devices.
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