Apple is ramping as an InvenSense (INVN +5.4%) customer and the Sep. quarter will be an...


Apple is ramping as an InvenSense (INVN +5.4%) customer and the Sep. quarter will be an inflection point for sales, says Piper in a note giving a lift to the motion sensor maker's shares. Pac Crest, Wedge Partners, and most recently Goldman have already reported of an iPhone 5S design win for InvenSense; Goldman added it thinks InvenSense "holds a cost advantage and a clearer roadmap for advanced products" than archrival and historical Apple supplier STMicroelectronics (STM), and also raised the possibility of iPad and low-cost iPhone design wins.

From other sites
Comments (1)
  • malc9141
    , contributor
    Comments (221) | Send Message
     
    Even if true, and I can't deny it, STM has a much broader set of customers than just Apple. Apple must be important but not critical for STM.
    STM has a good start with 'cars of the near future' for example.
    15 Jun 2013, 12:29 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs