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InvenSense (INVN +4.6%) will gain Apple as a client this year and will also be designed into...

InvenSense (INVN +4.6%) will gain Apple as a client this year and will also be designed into Samsung's Galaxy Note 3, says Pac Crest in a note that's lifting shares. On Monday, Wedge Partners, which in the past has said checks point to an iPhone 5S design win, said initial Apple shipments could happen in Q2, and that InvenSense is part of a reference design for MediaTek's 6589 quad-core processor, something that has led to a design win with growing Chinese smartphone vendor Xiaomi. Also: InvenSense filed a fresh lawsuit against archrival STMicroelectronics (STM +1.7%) yesterday.
Comments (1)
  • Esekla
    , contributor
    Comments (3612) | Send Message
     
    Great news, which is sure to aid the short-term correction:
    http://seekingalpha.co...

     

    but InvenSense will eventually be much more than smart phones:
    http://seekingalpha.co...
    15 May 2013, 01:20 PM Reply Like
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